CADJPY 30min Analysis February 4th, 2021
Trade Scenario 1: Bullish - Price is consolidating and finding support at our key structure zone of 82.150. We are now waiting for a retrace back to 80.200 and for a clear HL to form. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price push below the 30min 200MA. We will then wait for a retrace and for our key structure zone of 82.150 to slip as resistance once again.
Trade Scenario 2: Bearish - For us to go short we need to see price push below the 30min 200MA. We will then wait for a retrace and for our key structure zone of 82.150 to slip as resistance once again.
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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.