Afternoon Everyone,
Another pair that has made my main focus for the day is CAD/JPY. We are in a prime area for a turn around as price has broken above the liquidity zone wiping our orders in this area. This is getting traders on the wrong side of the market and tricking them into this will continue to the upside. I will be looking for price to pop back below and form a flag continuation to go short.
Have a great day!
Another pair that has made my main focus for the day is CAD/JPY. We are in a prime area for a turn around as price has broken above the liquidity zone wiping our orders in this area. This is getting traders on the wrong side of the market and tricking them into this will continue to the upside. I will be looking for price to pop back below and form a flag continuation to go short.
Have a great day!