CADJPY - Bearish Trend Continuation
PAIR IN FOCUS: CADJPY
ACTION: SHORT
Observing for a retrace of price to the nearest support/resistance level, reject it, and continue its downward trajectory. A retrace would provide better R:R for any trades.
The Entry Zone encompasses nearest support/resistance level that coincides with Fibonacci Retracement levels (i.e. 38.2, 50 and 61.8).
TP Level is a strong support level where price had been ranging and supported.
The Entry Zone, TP level and Stop Loss have been indicated on the chart.
Feel free to leave comments and discuss your analysis with me.
ACTION: SHORT
Observing for a retrace of price to the nearest support/resistance level, reject it, and continue its downward trajectory. A retrace would provide better R:R for any trades.
The Entry Zone encompasses nearest support/resistance level that coincides with Fibonacci Retracement levels (i.e. 38.2, 50 and 61.8).
TP Level is a strong support level where price had been ranging and supported.
The Entry Zone, TP level and Stop Loss have been indicated on the chart.
Feel free to leave comments and discuss your analysis with me.
Trading ditutup: stop tercapai
Stop Loss reached
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.