CADJPY Analysis
Updated
CADJPY Anaylsis for Week 5/10/20
Price has broken the volume profile median line and continues to range in a channel shown by the blue lines on the chart.
Since there is hardly any orders at the top of the volume profile, I believe that CADJPY will reach price at 77.00 and drop back down. My bias is short and I have a 2:1 RR. Thanks for viewing and I hope you like!
Price has broken the volume profile median line and continues to range in a channel shown by the blue lines on the chart.
Since there is hardly any orders at the top of the volume profile, I believe that CADJPY will reach price at 77.00 and drop back down. My bias is short and I have a 2:1 RR. Thanks for viewing and I hope you like!
Note
CADJPY sell has activated and looks like it is headed to the downside. Hopefully it hits TP soon!Note
TP hit! Nice trade with minimum drawdown.
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