THETRADERSROOM
Short

CADJPY | D1 | BEARISH — The classical Support & Resistance.

FX:CADJPY   Canadian Dollar / Japanese Yen
Analysis –
CADJPY | D1 | BEARISH

A simple example of market structure,
This is a lesson we've all studied in nursery.

What happens when price reaches the support / resistance?

I know what you're thinking...
It can either reverse or breakout.

At the same time we have to use our intelligence, intellect and intuition; our instincts and common sense — in order to be able to make informed and more importantly educated decisions.

This is something that makes us traders.
Otherwise this analysis is self explanatory.

(Sell, sell, sell).

Please note this is not financial advise.
Thank you.
Trade closed: target reached: 130 pips reached.
Thank you.

Comments

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