Hello everyone, the CADJPY is tightening the triangle which could only mean one thing that it is about to break out and make an impulse to the downward is is estimated to be about 600 pips. Now we can wait for the price to reach the 91.5 resistance level and look for a bearish reversal pattern in the lower timeframe and place a sell position when all criteria are met or we can wait for the price to break the lower side of the triangle and look for a bearish continuation pattern. I plan to capitalize on both opportunities if all goes to plan.
BEST OF LUCK TO YOU ALL AND REMEMBER TO USE A PROPER RISK TO REWARD RATIO
BEST OF LUCK TO YOU ALL AND REMEMBER TO USE A PROPER RISK TO REWARD RATIO