CADJPY, 10 Pips Renko, M2
Two Up Fractals forming two local higher highs.
Two Down Fractals forming two local lower lows.
There is a name to this triangle/cone shape but I can't remember it or how to trade it.
The last Up Fractal has been broken and I will lower the SL accordingly.
[EDIT]
SL was hit while I was sleeping, again this triangle/cone shape appears, last three Up Fractals formed new local higher highs and the last three Down Fractals made new lower highs.
Doesn't mean anything right now but I might not have gone into the trade if it was so obvious, and it was, but for now I'm in absorbent mode.
Two Up Fractals forming two local higher highs.
Two Down Fractals forming two local lower lows.
There is a name to this triangle/cone shape but I can't remember it or how to trade it.
The last Up Fractal has been broken and I will lower the SL accordingly.
[EDIT]
SL was hit while I was sleeping, again this triangle/cone shape appears, last three Up Fractals formed new local higher highs and the last three Down Fractals made new lower highs.
Doesn't mean anything right now but I might not have gone into the trade if it was so obvious, and it was, but for now I'm in absorbent mode.