CADJPY - SELL BELOW @88
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KEY RESISTANCE LEVEL // SUPPLY ZONE 88
The price region of 88 is a key resistance level as well as a supply zone that can not be overlooked.
Price is currently at this level and it is consolidating, up until when enough volume or volatility will push it.
This level also is the 50% Fibonacci retracement level from the recent swing and low on Wk1 time frame.
This is a good R:R setup for this week.
(NB: White horizontal lines are possible TP areas)
Always remember that nothing is fixed. So, stay very safe and observe all your trading plan and strategy strictly.
Thank you!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
KEY RESISTANCE LEVEL // SUPPLY ZONE 88
The price region of 88 is a key resistance level as well as a supply zone that can not be overlooked.
Price is currently at this level and it is consolidating, up until when enough volume or volatility will push it.
This level also is the 50% Fibonacci retracement level from the recent swing and low on Wk1 time frame.
This is a good R:R setup for this week.
(NB: White horizontal lines are possible TP areas)
Always remember that nothing is fixed. So, stay very safe and observe all your trading plan and strategy strictly.
Thank you!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
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.
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.