Our 4Hr chart shows a shallow downtrend since the start of August; since then the trend has been so shallow CADJPY has ultimately been consolidating. Looking for a breakut we will use our resistance as we are down-trending. Our Resistance line shows we are at the top testing our line for the 5th MAJOR time. With no avail to proceed past. We will use our 1000 Range...
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
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 @...