After consecutive losses for Nasdaq - we have arrived at a daily level.
Awaiting a upthrust to catch out the breakout traders and retailers.
Once back in the zone, we will go long
If the candle does not close in the zone - we will assess the rstest on this fresh area and scalp trade.
Planned for both sides. Ready to take action.
CADJPY is in a ranging atm. Price came to daily demand zone (blue), broke and retested a newly formed 4hr demand zone (yellow). Looking for price to come back to 4hr demand and bounce off the refined 15min zones to look got longs.
Also I will be looking for short as well incase the price doesn't come back to demand, I'll be looking to short around the 83.5/83.4...