CAD/JPY Reversal Ascending Channel
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Left Trading View postings for a couple of months to focus on my trading as well as college. As I do intend to drop out soon, I can now divert more attention to supplying good charting as well as increasing the profitability of my trades. The chart posted above is an ascending channel, anticipating for price to succesfully retest the trend line. Should we signficantly pass the trend line, this trade shall be invalidated. The initial final target profit is illustrated above, from the second blue bar (if looking from top to bottom). This area was chosen in confluence with trend line support and demand zone. As always, I am looking for confirmation to enter this trade due to the confluence embellished in technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.
Thanks,
Trade Wisely
Left Trading View postings for a couple of months to focus on my trading as well as college. As I do intend to drop out soon, I can now divert more attention to supplying good charting as well as increasing the profitability of my trades. The chart posted above is an ascending channel, anticipating for price to succesfully retest the trend line. Should we signficantly pass the trend line, this trade shall be invalidated. The initial final target profit is illustrated above, from the second blue bar (if looking from top to bottom). This area was chosen in confluence with trend line support and demand zone. As always, I am looking for confirmation to enter this trade due to the confluence embellished in technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.
Thanks,
Trade Wisely
Trade geschlossen: Ziel wurde erreicht
60+ pips enjoy
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