Yuriy_Bishko

CADJPY - Break out. Buy zone.

Yuriy_Bishko Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Preload.

The price is being drawn to a strong level. The preload process demonstrates the struggle of buyers and sellers. The first side (buyer or seller) buys the movement of the second side and moves the price further. The second side is resistance. The goal of the first side is to tighten the price to a strong level and gain "energy" in the form of limit levels. The goal of the first side is to stop moving towards the level.
Trade active:
Trade closed: stop reached:

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