Potential Sell Setup on CADJPY
On CadJpy, we've been creating bearish market structure ever since price has approached the long-term Weekly Resistance Level.
On the short term, I'll be waiting for price to reach the Significant Daily Level before presenting bearish rejection towards the downside. Once bearish rejection is present at this predefined level, sells are viable. For now, just waiting for a full retracement back to the horizontal level.
On the short term, I'll be waiting for price to reach the Significant Daily Level before presenting bearish rejection towards the downside. Once bearish rejection is present at this predefined level, sells are viable. For now, just waiting for a full retracement back to the horizontal level.
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Related publications
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.