As you can see in this smc analysis we have a pullback to the supply zoon after a change of character.
good deal with good signal at good place wish you have a good deal.
Usually CADJPY has positive correlation with BrentOil (attach idea at the bottom) Sell 83.389 SL - 83.64 TP1 - 82.93 TP2 - 82.24 TP3 - 81.98 TP4 - 81.65 RRR - 1:6.6
DAILY CHART -Bullish trend broke below 87.187 which satisfied selling pressure -False breakout around 86.111 creating a new resistance zone around 86.701(lower high) WEEKLY CHART -Resistance around 88.516 -Support around 80.906 -Price continuation from the resistance zone shows a bearish trend MONTHLY CHART -Resistance around 89.610 -Support area around...
CADJPY 1D: Simple downtrend pattern can be seen on the chart. Price Breakout Support zone @ BRN 85.000 (Support Become Resistance) If Price retrace back to that level... SELL 4H: Price is reaching 85.000 BRN zone. Look for any Candlestick reversal signal (CRS) for entry confirmation would be better. Targeted entry level: Sell limit @ 85.000 SL @...
Looking to short CADJPY from the strong resistance zone. The level has acted strong resistance 4-5 times. I expect it to act as strong resistance this time as well.
I am looking to short CADJPY from the strong resistance zone. PT/SL = 58/65