CADJPY Long
Direction: - The pair was in Bullish OrderFlow.
- It was in a Bullish Cycle and created a pattern within the H4 OB.
Entry: - W (Double Bottom) Pattern Formation on the H1.
- RSI crossed volatility bands (Shark-fin), indicating rise in the pair.
- Divergence occurred, indicating probable rise.
- MBL (Market Base Line) curved upwards which confirmed uptrend in pair.
- RSI was at the 32, confirming the pair was oversold.
- Entry 1 was at RSI, Signal Line Cross.
- Entry 2 was at LSB Retest.
Exit: - 18 & 25 pip SL @ just below H4 OB (Order Block)
- 30 pip TP 1 @ 13 EMA Cross
- 28 pip TP 2 @ just below YH
Direction: - The pair was in Bullish OrderFlow.
- It was in a Bullish Cycle and created a pattern within the H4 OB.
Entry: - W (Double Bottom) Pattern Formation on the H1.
- RSI crossed volatility bands (Shark-fin), indicating rise in the pair.
- Divergence occurred, indicating probable rise.
- MBL (Market Base Line) curved upwards which confirmed uptrend in pair.
- RSI was at the 32, confirming the pair was oversold.
- Entry 1 was at RSI, Signal Line Cross.
- Entry 2 was at LSB Retest.
Exit: - 18 & 25 pip SL @ just below H4 OB (Order Block)
- 30 pip TP 1 @ 13 EMA Cross
- 28 pip TP 2 @ just below YH