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TradingfortheFuture_
4 okt 2021 07:01

CAD/JPY - Will resistance hold? 

Canadian Dollar/Japanese YenFXCM

Beskrivning

Potential 175 pip sell position on this pair.
Analysis:
1. Downtrend structure
2. 80% Fib pullback
3. Market is at resistance
4. Counter trend break on 1H with Doji candlestick formation
5. Target area to complete FIb wave at price 83.970

Currently holding my sell position. Should resistance fail I will exit my trade

Trade stängt: Stopp nått

Took a loss on this one, lets see if price U-turns for selling opportunities again
Mer