On CADJPY, we have a price that, after a bounce around 102.70, has returned to the level of 102 where we have a relatively insignificant demand zone. Coming down from a supply zone, the price has formed an interesting Point of Interest (POI) with spike convalidation, meaning it has formed a bearish setup with an entry at 102.54 level.
Let me know what you think.
Happy trading, everyone.
Forex48 trading Academy
Let me know what you think.
Happy trading, everyone.
Forex48 trading Academy
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.