CADJPY CONSOLIDATION BREAKOUT BEARISH?
Pair: CADJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle
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Key Takeaway: Alot of bearish strength for the pair and we are currently consolidating in a ascending triangle pattern after big push down, we cannot break resistance along with high volume level so we are waiting for a break of support trend line before entering short
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Level needed: need a close by 105.475
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Trade: short
RISK:REWARD 1:4
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle
—————
Key Takeaway: Alot of bearish strength for the pair and we are currently consolidating in a ascending triangle pattern after big push down, we cannot break resistance along with high volume level so we are waiting for a break of support trend line before entering short
—————
Level needed: need a close by 105.475
—————
Trade: short
RISK:REWARD 1:4
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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