CADJPY - Bearish Trend Continuation
PAIR IN FOCUS: CADJPY
ACTION: SHORT
Observing for a retrace of price to the nearest support/resistance level, reject it, and continue its downward trajectory. A retrace would provide better R:R for any trades.
The Entry Zone encompasses nearest support/resistance level that coincides with Fibonacci Retracement levels (i.e. 38.2, 50 and 61.8).
TP Level is a strong support level where price had been ranging and supported.
The Entry Zone, TP level and Stop Loss have been indicated on the chart.
Feel free to leave comments and discuss your analysis with me.
ACTION: SHORT
Observing for a retrace of price to the nearest support/resistance level, reject it, and continue its downward trajectory. A retrace would provide better R:R for any trades.
The Entry Zone encompasses nearest support/resistance level that coincides with Fibonacci Retracement levels (i.e. 38.2, 50 and 61.8).
TP Level is a strong support level where price had been ranging and supported.
The Entry Zone, TP level and Stop Loss have been indicated on the chart.
Feel free to leave comments and discuss your analysis with me.
Trade fermée: ordre d’arrêt atteint
Stop Loss reached
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.