CadJpy Trade Idea
Good Morning ! There's 2-3 set ups I see this morning that could potentially play out. First set up for me is gonna be CJ. As of now CJ seems to be respecting the resistance level marked out. If price can break below the 4hr HL then we would have a shift of structure. Confirmation for me will be a bearish engulfing right after the retest to confirm our shift in structure. I'll personally be looking for a 1:4rr on this set up.
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