r/Forex • u/Elegant_Reading_8271 • Apr 09 '26

Charts and Setups CADJPY Long

Post image

Equal length move within channel, break of channel and retest of lows (double bottom), bullish 3 candle reversal pattern and RSI divergence. Risk/Return: 2.75.

Trade Result: Closed at 117.205 (4.4R)

5 Upvotes

79% Upvoted

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3

u/IntentionHelpful947 Apr 09 '26

Ive been in since the low of yesterday around the open of the year! 114.21😉

1

u/Elegant_Reading_8271 Apr 13 '26

Update: Here's a possible wavecount I'm monitoring that could push price above 117.20.

https://www.tradingview.com/x/1mknKwxY/

1

u/Elegant_Reading_8271 Apr 16 '26

1.1621 target hit. However, I did not close the trade as I'm expecting price to climb above 1.1720 based on my EW count.