CADJPY H4: Best level to BUY +190 pips(SL/TP)(UPDATED)

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CADJPY H4: Best level to BUY +190 pips(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses before reversal (BULLS).

🔸 Summary and potential trade setup
::: CADJPY 4hour review and outlook
::: we are stuck in range since June 2020
::: likely distribution in progress now
::: heavy overhead resistance at 79.80
::: which is a strong mirror s/r level
::: Recommended strategy: BUY LOW 77.80
::: SL 40 pips TP +190 pips (79.80)
::: SWING trade setup for patient traders
::: do not expect fast/overnight gains
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS/REVERSAL

Order dibatalkan:

SETUP INVALIDATED.