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Canadian Dollar / Japanese Yen
Short
Updated

CADJPY - Price Is At A Strong Resistance (Supply Zone)

172
CADJPY remains in an uptrend channel, but price is testing a key weekly resistance and supply zone.

Bias: watch for short setups, anticipating a near-term pullback.

Note
CADJPY is retesting a supply zone near channel resistance on H4.
snapshot
Trade closed: stop reached
It faked me out, but then the price moved exactly as I’d predicted.
snapshot
TradeAnalyst_Aanko
CADJPYcadjpyanalysiscadjpyshortForexreversalSupply and DemandTrend AnalysisTrend Lines

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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.
CADJPYcadjpyanalysiscadjpyshortForexreversalSupply and DemandTrend AnalysisTrend Lines
TradeAnalyst_Aanko

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.