UKTRADERS21

CADJPY SHORT RANGING TRADE

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Expecting a SHORT-ranging trade, currently observing market consolidation around daily resistance. Planning to establish support and resistance areas on the daily chart.

Additionally, found a double top pattern on the 1-hour chart with a neckline break; considering a trade on the retest.

Entry 110.12
Targets 109.72, 109.55 109.28 and 109.01

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.