CADJPY - Possible scenario

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CADJPY is very extended and could use a breather.
Next week I will be looking for possible long trade up if the patterns play out as illustrated.
We're not going to complicate things, Bear Flag and Potential Double Bottom formation with a good RSI Divergence. Preferably Daily Chart to have an RSI Divergence as well.

Daily Time frame
ảnh chụp nhanh

Strategically, if this trade works out, I am not going to close it but to position myself as this could possibly be the bottom. Will explain in future videos and progress.

Have a great weekend.

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Cheers
Ghi chú
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Half way mark to TP
Ghi chú
ảnh chụp nhanh

Making new higher highs. Good signs of continuation as we broke past the previous high.
Ghi chú
ảnh chụp nhanh

Done, Choppy but got there.
Chart PatternsTrend Analysis

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