jammyguy98

CADJPY DAILY TIME FRAME SHORT

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
i like to keep trading as simple as possible, as you can see here you have a support and resistance lines marked with a sensitive zone marked where i think the price will reach. You can see the price broke the resistance level retested then had a couple of doji candles indicating price is struggling to break through. it has now broken the support (old resistance level ) and is now testing the old support line, i would like to wait for a retest of the support before i enter this trade but it could play out nicely. There is also a big bearish candle which is also another indication

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