CADJPY looking for a correction 🦐
CADJPY on the 4h chart has been trading around the 100 level in a distribution phase.
Lately the market broke below the area and close the day of yesterday below the support zone.
In this case, the pressure of the seller might increase and if the price retests the previous support now turned resistance we will look for a nice short order according to the Plancton's strategy rules.
Lately the market broke below the area and close the day of yesterday below the support zone.
In this case, the pressure of the seller might increase and if the price retests the previous support now turned resistance we will look for a nice short order according to the Plancton's strategy rules.
Note
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.