CADJPY is facing a strong resistance. This setup is very similar to the GBPJPY pair which hit the jackpot for us this week. There are different ways to enter a trade for this pair i.e. 1) Price closes below the blue box, 2) Price closes below Kijun and 3) Price closes below the trendline.
Note
PA saved us from entering this trade prematurely.
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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.