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chiefcapitalfx

cadjpy bullish 1hr/30mins/15mins

Long
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
chiefcapitalfx  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns reversalrisingwedge Falling Wedge CADJPY 1hr 30mins retracement support rich_bigga twitter
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trendanalysis chartpattern reversalrisingwedge fallingwedge cadjpy 1hr 30mins retracement support rich_bigga twitter
On the 1hr/30mins/15mins timeframe, I spotted both a reversal rising wedge & a continuing falling wedge which indicates that there is strong support at that specific area which is the 83.7 to 83.9 area. That support area has also been targeted before so that's another strong indication that the market is now using that as a retracement for further support.

I have taken an order just directly above the the falling wedge pattern.

Listing of placement of order is also on this analysis for everyone to see.



Please share this out to everyone my twitter is rich_bigga.


Cheers.


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