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TraderMetatronFx
May 21, 2020 6:54 PM

CADJPY - Basic S/R flip idea - 4hr Chart Long

Canadian Dollar/Japanese YenFXCM

Description

CADJPY has been ranging, as with other Yen pairs. A basic S/R has presented itself here.

Trade closed: stop reached

Setup failed. Will redraw new S/R zones for next week

Comment

As a note for next week. As we can see , a 4hr supply zone has formed at the zone that failed to hold as support. Perhaps a area for a short next week.
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