CADJPY - rejecting the weekly resistance
We see that the price have some trouble breaking through this level lately, and will probably turn back down.
Even though this daily candle is for me a confirmation of a retrace about to happen, there might be a good idea to look out for a clear break of the 4H consolidation. A 4H or 1H close below 90.400 will be a very good indication of this next downward move.
I'll have the dailys as TP1 and TP2.
Even though this daily candle is for me a confirmation of a retrace about to happen, there might be a good idea to look out for a clear break of the 4H consolidation. A 4H or 1H close below 90.400 will be a very good indication of this next downward move.
I'll have the dailys as TP1 and TP2.
Trade active:
Just saw a 1H breakout which I sold. Also added a sell limit order.