CADJPY, Keep it simple. Short

CAD/JPYOANDA

Description

⋅ Dec 29, 2023 12:27 PM

CADJPY / 1W

Hello traders, welcome back to another market breakdown.

CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here.

Trade safely,
Trader Leo.

Comments

MyCryptoParadise_Nathan

⋅ Dec 30, 2023 9:40 PM

CADJPY's recent large downward movement suggests the potential for another leg down, indicating a bearish trend.

Leo-btm

⋅ Dec 31, 2023 5:30 PM

@MyCryptoParadise_Nathan I agree

LegionQ8

⋅ Dec 30, 2023 3:56 PM

I think CAD will grow to 107$ and then the price rebound down to 106$ key level, need to wait for this movement 🧐

Leo-btm

⋅ Dec 31, 2023 5:30 PM

@LegionQ8 possible scenario

FirstNameHelen

⋅ Dec 30, 2023 11:47 AM

Maybe CADJPY will decline to the key level and then it will bounce up to $110.55. What do you think?

Leo-btm

⋅ Dec 31, 2023 5:30 PM

@FirstNameHelen I think we are going to down

Setupsfx_

⋅ Dec 29, 2023 9:27 PM

Same view JPY pairs, expecting significant drops last few months price have been overvalued.

Leo-btm

⋅ Dec 31, 2023 5:31 PM

@Setupsfx_ JPY is just warming up for the big moves

Arazmajeed

⋅ Dec 29, 2023 3:09 PM

Amazing plan, very helpful thanks for sharing

Leo-btm

⋅ Dec 29, 2023 5:40 PM

@Arazmajeed welcome