I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends.
This is the CADJPY pair. From what I have analysed, this is what I feel the market would do. At the moment, what I observed, it is a downtrend. The price will be going down to tap on the one of the key level(refer to image). After which it will hang around that area or further go downwards and hang around there before going upwards.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
This is the CADJPY pair. From what I have analysed, this is what I feel the market would do. At the moment, what I observed, it is a downtrend. The price will be going down to tap on the one of the key level(refer to image). After which it will hang around that area or further go downwards and hang around there before going upwards.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.