SHORT CADJPY TIMEFRAME DAILY
i like to keep trading as simple as possible, as you can see here you have a support and resistance lines marked with a sensitive zone marked where i think the price will reach. You can see the price broke the resistance level retested then had a couple of doji candles indicating price is struggling to break through. it has now broken the support (old resistance level) and is now testing the old support line, i would like to wait for a retest of the support before i enter this trade but it could play out nicely
Note
we also have a big strong bearish candle
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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.