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PeNuel2020
Jul 26, 2021 8:57 AM

CADJPY - SELL BELOW @88 Short

Canadian Dollar/Japanese YenFXCM

Description

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KEY RESISTANCE LEVEL REACH

The price region of @88 is a key resistance level that can not be overlooked. Price has retraced to that point and now
is rejected. This level also is the 50% Fibonacci retracement level from the recent swing and low on Wk1 time frame.
This is a good R:R setup for this week.

Always remember that nothing is fixed. So, stay very safe and observe all your trading plan and strategy strictly. Thank you!

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
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