CADJPY Long: SMA Cluster + Unhit Pivots
Hey traders! Here's a ranging pair up against a solid amount of support. The pair could break out toward the unhit pivot cluster. If the bullish trendline is broken, I will re-evaluate the position. For now, bias is bullish on the short-term. Cheers!
Trade active:
Resistance Broken at 86.83: Long Active.
Trade closed: stop reached:
Long-term SMA pierced, bias is now short. Will be looking for bearish impulses:
Comment:
Completely missed the bearish impulse we were waiting for, but price action behaved as expected with lots of resistance to push price further down. Check it out:
