More than 1000 pips trade on CADJPY.

CADJPY / Weekly chart
Trade Bais: Bearish.
From An analytical point of view we see the CADJPY approaching a very important area that combines three trading strategies :
1- Strong resistance zone.
2- 0.5 Fib Level.
3- The monthly trend line for the bearish trend.

For our long-term trade, we will be watching what type of price action we get when price approaches the area before taking a short trade.

Trade safe,
Trader Leo

Kommentera:

We are getting there

Kommentera:

The first rejection of the resistance. Sign of sellers coming to the market