CADJPY Pitchfork with SpacemanBTC Key Levels
I've been playing around with different indicators but trying to keep it simple. I really like the SpacemanBTC Key Levels.
I think CADJPY was trying to break bearish out of the pitchfork but caught resistance from the monthly high and monthly open. The 4H and Daily MACD and Sto RSI may be moving to flip bearish. I wouldn't trade at this point because I don't have 3 or more indicators for a setup. If the MACD starts flipping bullish, Sto RSI falls below 20%, and price recovers and retests the 2nd deviation on the pitchfork I will consider a long with a TP near the center line of the pitchfork.
I think CADJPY was trying to break bearish out of the pitchfork but caught resistance from the monthly high and monthly open. The 4H and Daily MACD and Sto RSI may be moving to flip bearish. I wouldn't trade at this point because I don't have 3 or more indicators for a setup. If the MACD starts flipping bullish, Sto RSI falls below 20%, and price recovers and retests the 2nd deviation on the pitchfork I will consider a long with a TP near the center line of the pitchfork.