Lingrid | CADJPY short term PULLBACK from RESISTANCE

29 Jan

The market reached the daily resistance zone. CADJPY is losing momentum; the price is forming small candles with wicks. If we have two zones, the market usually goes towards a level that is lower or higher. I think the market will make some pullbacks from the daily resistance. I expect the market to test the resistance by grabbing the liquidity above the previous local highs and fall if the market makes a fake breakout. My goal is around the support level at 109.770


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻