On the basis of support and resistance trading we can see that, CADJPY currently on its resistance area, it is a very good resistance on Daily time frame, it reach this area on 4th time on daily time frame and before it it was very obvious support as shown in the chart, we have a good opportunity to go short in this pair.
Note : Trade at you Own RISK
Note : Trade at you Own RISK
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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.