tpishz

CADJPY Logical Short

Short
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
Price has been moving in a channel, it has broken out of it and made its lower lows, retested the channel and dropped to make another low.

I see it coming to premium price of demand zone /resistance. Strategy is based on smart money with wyckoff, however other methods are also used for confluence.

Fibs are drawn with RR instead of levels. May hold if price creates a lower high and creates liquidity of stops or breaks the low.

Publishing this before the CAD news in about four hours time.

Comments

trade activated and had a reaction but the bullish pressure came too quick
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@tpishz SL Hit
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