CADJPY is right on major resistance presenting us with a good selling opportunity.
Sell below 82.77. Stop loss at 83.48. Take profit at 81.29.
Reason for the trading strategy (technically):
Price is testing major resistance at 82.77 (Fibonacci retracement, horizontal overlap resistance, fiboancci extension, bearish harmonic formation) and a strong reaction could occur at this level to push prices down to major support at 81.29 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.
Sell below 82.77. Stop loss at 83.48. Take profit at 81.29.
Reason for the trading strategy (technically):
Price is testing major resistance at 82.77 (Fibonacci retracement, horizontal overlap resistance, fiboancci extension, bearish harmonic formation) and a strong reaction could occur at this level to push prices down to major support at 81.29 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。