CAD/JPY 4H SHORT POSITION
SHORT POSITION:
Market is currently in an upwards trend channel, however this channel
has now been broken and retested at the channel, resistance and
Fibonacci level of 0.382
Since price has already broke and retested I am now looking for an entry
since I hesitated the initial retest during last weeks session.
Another idea is to wait for price to break and retest the daily support level of
82.500 as this will help confirm the down trend.
Market is currently in an upwards trend channel, however this channel
has now been broken and retested at the channel, resistance and
Fibonacci level of 0.382
Since price has already broke and retested I am now looking for an entry
since I hesitated the initial retest during last weeks session.
Another idea is to wait for price to break and retest the daily support level of
82.500 as this will help confirm the down trend.
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