CADJPY SHORT
Mis à jour
Trend is bearish so we will wait for price to retrace before taking a short position on CADJPY.
Confluences:
- 38.2 fib
- 86.00 psych level
- Daily resistance zone
As traders we REACT, not predict. If price breaks this level, look for a potential short opp at the 87.00 psych which coincides with the 61.8 fib
Confluences:
- 38.2 fib
- 86.00 psych level
- Daily resistance zone
As traders we REACT, not predict. If price breaks this level, look for a potential short opp at the 87.00 psych which coincides with the 61.8 fib
Note
Price is in PRZ. Will wait until price gives a bearish momentum shift.Note
Waiting for the daily closure to make a decision. If price closes below the PRZ on the Daily, we will get in for a short and adjust the SL appropriatelyNote
Did not enter. Will wait to see if price hits 87.00 to reject off that level
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