Two good levels to go short CADJPY 91.31 and 90.54
90.54 is a strong support resistance level which has become a strong resistance level. The price has bounced of this level multiple times. I expect to see strong reaction to this level again when the price touches this strong supply zone.
Another level is 91.31, strong sell off from that region. I expect to see reaction to this point when prices reaches this supply zone. I am in 2 minds because 91.27 has a strong resistance. Price has bounced off this level many times. Depending upon how the price reaches the price I might divide my order in 2 lots.
90.54 is a strong support resistance level which has become a strong resistance level. The price has bounced of this level multiple times. I expect to see strong reaction to this level again when the price touches this strong supply zone.
Another level is 91.31, strong sell off from that region. I expect to see reaction to this point when prices reaches this supply zone. I am in 2 minds because 91.27 has a strong resistance. Price has bounced off this level many times. Depending upon how the price reaches the price I might divide my order in 2 lots.
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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.