CADJPY - 4hr's ( sell after break 90.00 Great Choice )

7 Jun 2021

Pair Name : CAD/JPY
Time Frame : 1 analysis / 4hr'
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map

Key Technical / Reason's Short
———————————
Description
The price is now near a very important area, which is 90.00, it is expected with the break of that area, the drop 180 PIP to the main support level and the main trend also at 88.500
One of the reasons for selling with a break of 90.00

One of the reasons for selling with a break of 90.00

-The first reason
High liquidity area volume profile. The highest liquidity in the region

-The second reason
Breaking a minor uptrend and forming a bullish channel

- third reason
A strong monthly support break and at the same time a weekly low

- Fourth reason
Strong price action on the weekly time frame, reflexive candles on the daily term