Almost best time to exit some of my short positions on CADJPY

2022년 9월 16일

Consolidations of 7th and 8th of SEP were best signs of changing in direction of CADJPY.

Bulls lost their strong level of 108.95 and all so many of their supporters , including me, change their side.

If you are in short position take this pair under observation! there might be some struggles to go down further.

MA100 might play a strong role as a dynamic resistance.

I have two shorting scenarios.
1st one: in case of breaking 108.5 up there might shadows of 4H candle may go through the MA25.
Those reversals may be caught by CCI25 of 4H over 100 or 150. de-validation of this setup is breaking the bearish channel to the top

2nd one: in case of breaking MA100 successfully, it may be a chance of reversal to the bottom of the channel.

2022년 9월 19일

노트

It's not fully break yet!