CADJPY - Support to hold at this RTP-2 Pattern?
This RTP-2 XABCD Pattern came on my radar and support is the only questionable thing about this pattern. There is another level of support here at 75.00 so I'm looking at both this area and the one below it. Some divide the position between the two but we'll track this one and see if it goes down to the lower support or bounces here.
USDJPY
USDJPY
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Reducing my risk exposure.
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Oil news is certainly helping and fomc
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Hanging on but reducing risk totally now on the trade. Any further lows and I don't think we'll see support hold.
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Would be a great sign to see some new high's here - could be the break we need.
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Still looking like it's working the way it should be. Good to be risk free, now it's up to the market gods.