CADJPY BREAK OF TREND AND RE-TEST
Pair: CADJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway:Seen a break of support and trend line, we have just seen a retest of broken trend line using it as resistance, we just need some bearish momentum now before we can short safely
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Level needed: need a close by 105.595
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Trade: Short
RISK:REWARD 1:5
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
—————
Key Takeaway:Seen a break of support and trend line, we have just seen a retest of broken trend line using it as resistance, we just need some bearish momentum now before we can short safely
—————
Level needed: need a close by 105.595
—————
Trade: Short
RISK:REWARD 1:5
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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.
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.