CADJPY Potential Retrace

Short

Canadian Dollar / Japanese Yen (FX:CADJPY)

Updated

FX:CADJPY Canadian Dollar / Japanese Yen

trendanalysis beyondta indicator cadjpy cad jpy sell short bearish technicalanalysis containsimage

Hey Traders, JPY seems to be recovering. CADJPY was trading in an uptrend and successfully managed to break it out. now in a correction phase and we are watching a potential retrace of the trend line around 99 supply and demand zone. if it retraces properly i would expect 97.2 as it's considered the major next resistance and support zone.
Trade safe, Joe.

Comment:

sniper entry

Trade closed: target reached

Join our telegram Channel for daily market updates t.me/JoeChampion

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.