Hey there!
Let's dive into the price action of CJ. It spiked to a high of 111.367 in the weekly timeframe, currently holding above the 109.827 low in the daily timeframe. This low might drive the price up to 110.596 in the 3-hourly timeframe, hinting at a potential bearish reversal ahead as we approach the supply zone.
*Given the bearish trend in higher timeframes and the recent lower low (LL), 109.335 is a key level for potential bearish opportunities.
Watch out for price action around the 109.00 range as it could signal important moves there, and the directional bias is at 107.014.
Stay sharp and let's see how these levels play out in the market!
Happy Trading,
K.
Let's dive into the price action of CJ. It spiked to a high of 111.367 in the weekly timeframe, currently holding above the 109.827 low in the daily timeframe. This low might drive the price up to 110.596 in the 3-hourly timeframe, hinting at a potential bearish reversal ahead as we approach the supply zone.
*Given the bearish trend in higher timeframes and the recent lower low (LL), 109.335 is a key level for potential bearish opportunities.
Watch out for price action around the 109.00 range as it could signal important moves there, and the directional bias is at 107.014.
Stay sharp and let's see how these levels play out in the market!
Happy Trading,
K.