CADJPY_28.09.2023_Potential to develop triangle & double top
CADJPY analysis:
1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down.
2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern.
3. Time frame H-4, price has the potential to develop rising wedge pattern.
Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position.
Notes:
- This is a personal analysis, please adjust it to the existing conditions.
- This is not a buy/sell recommendation. This is just my personal analysis.
- Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
- Still in the learning process, let's learn together :)
Thank You
1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down.
2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern.
3. Time frame H-4, price has the potential to develop rising wedge pattern.
Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position.
Notes:
- This is a personal analysis, please adjust it to the existing conditions.
- This is not a buy/sell recommendation. This is just my personal analysis.
- Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
- Still in the learning process, let's learn together :)
Thank You
Trade active:
Price running to profit area
-19 Oct 2023-
-19 Oct 2023-