On Friday, sellers of the CADJPY currency pair managed to break down through the support line of the uptrend channel, which indicates sales. The area of consideration for short is indicated on the chart. Most likely, the price will stay under the level of 91.270 for some time and then fall.
SELL scenario: After a small recovery to 91.270, you can open short. It is important that the price does not close above this level. A signal to sell may be the re-closing of prices below the support line of the uptrend channel.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SELL scenario: After a small recovery to 91.270, you can open short. It is important that the price does not close above this level. A signal to sell may be the re-closing of prices below the support line of the uptrend channel.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.