HIGHER HIGH, HIGHER LOW AT ROLE REVERSAL SUPPORT. BULLS WILL PROBABLY LOOK AT THIS AND BUY THE DIP.

UPDATE ON TRADE (08/08/2018)
I POSTED THIS TRADE PLAN ON MONDAY WITH THE IDEA TO GO LONG FOR A WEEKLY SWING. TECHNICALLY THE PAIR WAS SET UP FOR FURTHER BULLISH PRICE ACTION SINCE THE TREND WAS BULLISH. HOWEVER ITS WEDNESDAY AND THE PLAN HAS FAILED AS PRICE BROKE THROUGH THE TRENDLINE TO THE DOWNSIDE, INDICATING THAT THE MARKET HAS GONE THE OTHER WAY OF MY PLAN. I FIND IT VERY IMPORTANT TO ALWAYS FIND OUT OR DETERMINE WHY A TRADE WENT WRONG. IN THIS CASE ITS BECAUSE OF A SLIP IN EQUITIES, AND ITS NOT JUST THIS PAIR, JPY IS SHOWING STRENGTH ACROSS THE BOARD.SEE MORE HERE

CADJPY H4

MARKET IS BULLISH. PRICE IS AT ROLE REVERSAL SUPPORT WHICH IS A POTENTIAL BUY AREA FOR BULLS. RESISTANCE IS AT WM3 WHICH COINCIDES WITH MM3. IF PRICE CAN BREAK THROUGH THE ABOVE MENTIONED RESISTANCE TO THE UPSIDE, THAN WE COULD SEE THIS PAIR MAKE ITS WAY TO WM4 FOR THE WEEK.

CADJPY H4 POST TRADE PLAN

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