CADJPY / SHORT / M15
Updated
CADJPY may fall from the Bearish Order Block.
Bearish Order Block :- 111.522 and 111.439
CADJPY is approaching a bearish order block between 111.522 and 111.439, where we may anticipate a potential reversal and bearish momentum. Using Smart Money Concepts (SMC), this zone aligns with an institutional supply area, suggesting it could act as strong resistance.
Additional Analysis: I've incorporated other indicators to confirm bearish bias and identify potential rejection signals within this range. Monitoring price action here may provide further confirmation for a move downward if sellers defend the order block.
CADJPY / SHORT / M15
LOT :- 0.1
Entry Price :- 111.440
Take Profit :- 111.252
Stop Loss :- 111.628
Bearish Order Block :- 111.522 and 111.439
CADJPY is approaching a bearish order block between 111.522 and 111.439, where we may anticipate a potential reversal and bearish momentum. Using Smart Money Concepts (SMC), this zone aligns with an institutional supply area, suggesting it could act as strong resistance.
Additional Analysis: I've incorporated other indicators to confirm bearish bias and identify potential rejection signals within this range. Monitoring price action here may provide further confirmation for a move downward if sellers defend the order block.
CADJPY / SHORT / M15
LOT :- 0.1
Entry Price :- 111.440
Take Profit :- 111.252
Stop Loss :- 111.628
Trade closed: target reached
Trade gets active and hits Take Profit Target.
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