Trend: Long term bullish, previous month bearish.
Structure: Support and resistance / Zone
Plan: We monitor CADJPY for the potential breakout to the downside and continuation of the bearish trend or the potential pullback to the previous low/top of zone.
It appears price has respected the lower level and may pullback towards the upside however this is an aggressive play.
The smart trade here is waiting for a breakout of the zone and trading it to previous low/high
Structure: Support and resistance / Zone
Plan: We monitor CADJPY for the potential breakout to the downside and continuation of the bearish trend or the potential pullback to the previous low/top of zone.
It appears price has respected the lower level and may pullback towards the upside however this is an aggressive play.
The smart trade here is waiting for a breakout of the zone and trading it to previous low/high
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.