More than 1000 pips trade on CADJPY.
Updated
CADJPY / Weekly chart
Trade Bais: Bearish.
From An analytical point of view we see the CADJPY approaching a very important area that combines three trading strategies :
1- Strong resistance zone.
2- 0.5 Fib Level.
3- The monthly trend line for the bearish trend.
For our long-term trade, we will be watching what type of price action we get when price approaches the area before taking a short trade.
Trade safe,
Trader Leo
Trade Bais: Bearish.
From An analytical point of view we see the CADJPY approaching a very important area that combines three trading strategies :
1- Strong resistance zone.
2- 0.5 Fib Level.
3- The monthly trend line for the bearish trend.
For our long-term trade, we will be watching what type of price action we get when price approaches the area before taking a short trade.
Trade safe,
Trader Leo
Comment
We are getting thereComment
The first rejection of the resistance. Sign of sellers coming to the market
Telegram: t.me/BeatTheMarketsetups
Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap
Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.