CADJPY H4 - Short Setup
CADJPY H4
Possible short incoming as we approach this 90.00 handle, we have already extended 150 pips from our pivot point without a correction (88 handle).
Even if we see a relief rally from 90.00 this could still offer us a solid 2R or even 3R. We have been trending some time and as we approach year end, I wonder if these will continue. I'm fairly doubtful and expect we may see ranges between 90 and 85 again before year close.
We have our 90 whole number, 618 fib resistance and S/R from previous zone holds already.
Possible short incoming as we approach this 90.00 handle, we have already extended 150 pips from our pivot point without a correction (88 handle).
Even if we see a relief rally from 90.00 this could still offer us a solid 2R or even 3R. We have been trending some time and as we approach year end, I wonder if these will continue. I'm fairly doubtful and expect we may see ranges between 90 and 85 again before year close.
We have our 90 whole number, 618 fib resistance and S/R from previous zone holds already.
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