CADJPY is trading between two key zones that keep acting like magnets:
On the upside, the resistance zone around $114.70 – $115.20 has been attracting price repeatedly. Every time price pushes into that area, sellers step in and momentum fades. As long as that structure holds, that’s where I’ll be looking for shorts. 📉
On the downside, the blue demand zone inside the rising channel continues to act as support. That’s where buyers previously stepped in with strength and defended structure. As price pulls back toward that zone, I’ll be looking for longs. 📈
For now, we wait! ⏱️
Which zone do you think CADJPY taps next? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
On the upside, the resistance zone around $114.70 – $115.20 has been attracting price repeatedly. Every time price pushes into that area, sellers step in and momentum fades. As long as that structure holds, that’s where I’ll be looking for shorts. 📉
On the downside, the blue demand zone inside the rising channel continues to act as support. That’s where buyers previously stepped in with strength and defended structure. As price pulls back toward that zone, I’ll be looking for longs. 📈
For now, we wait! ⏱️
Which zone do you think CADJPY taps next? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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Trusted Crypto Prop Firm
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.