CADJPY: pattern of price levels formation
The price movement in an uptrend has formed several strong price levels.
You can see a pattern. At each level, there are two equidistant price touches - in the first of them, the level acts as a resistance. In the second, as support.
Now the price has reached a maximum and is at the level of resistance. It will fall to support level 81.61
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
You can see a pattern. At each level, there are two equidistant price touches - in the first of them, the level acts as a resistance. In the second, as support.
Now the price has reached a maximum and is at the level of resistance. It will fall to support level 81.61
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.