Hello traders!
Here are my thoughts on CAD/JPY .
Using simple price action we can see that the price just broke the strong daily resistance. What I am expecting is that price will come back to retest strong daily resistance now turned support. This could be a great opportunity to enter a long position, if support will hold the price. Please, wait for the confirmation before entering the trade.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Here are my thoughts on CAD/JPY .
Using simple price action we can see that the price just broke the strong daily resistance. What I am expecting is that price will come back to retest strong daily resistance now turned support. This could be a great opportunity to enter a long position, if support will hold the price. Please, wait for the confirmation before entering the trade.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
