Looking for short trades this coming week on CADJPY... We have had several rejections from the topside supply level, there is a chance we could get one last stop hunt high into the higher supply zone. Let's wait and see what price action we get into next week. Pay attention to Monday, and wait for the daily close to confirm directional bias.
Trade talks have seemingly calmed down at the moment, 1480 is a big psychological number i believe would needed to be reached to begin following the bullish uptrend. That being said, if that trend line is broken we may see a bit SHORT to 1430.
AUDCAD has approached this weekly resistance level and shown rejection multiple times, looking like a simple and clear trade. Over 1:3 risk to reward ratio. Drop your telegram names in the comments to be added to our free channel.
Price has approached this daily resistance and shown strong rejection multiple times on lower time-frames. Over 1:8 risk-reward ratio. Comment your telegram name to join our free telegram trial- only 3 days left and special offer currently active.
Hi Traders, here is my analysis for AUDCAD sells. Every night at 10pm (UK Time) I check the daily closes before analysing true direction. Price action to me screams a sell off to my strategy... Here is my analysis on a lower timeframe, and my risk to reward ratio on it.