We have a potential scalping opportunity for CAD/JPY.
As you can see, our RSI has been above our upper bollinger band for a couple hours, and the stochastic indicator shows that we are at good momentum. When the RSI crosses under our upper bollinger band, we need to look for signs of weakness on the stochastic. Once the slow line crosses above the fast line above 70 or so, that will be the time to pull the trigger.
Hopefully this quick scalp plays out!
As you can see, our RSI has been above our upper bollinger band for a couple hours, and the stochastic indicator shows that we are at good momentum. When the RSI crosses under our upper bollinger band, we need to look for signs of weakness on the stochastic. Once the slow line crosses above the fast line above 70 or so, that will be the time to pull the trigger.
Hopefully this quick scalp plays out!