CADJPY H4 ANALYSIS! BREAKING OF EITHER SIDES WILL BE MAJOR!
Good day traders! New York market has been opened and I hope y'all have a great trades ahead. Start off with my sharing on CADJPY to give y'all a little heads up on the directions!
CADJPY has been struggling in between the price range of 79.70 to 78.34 for the past few days. Therefore, a break of 78.34 would result in bearish movement to 74.13 (ideally) whereas fail to break below 78.34 would push the price to 81.64, which is the recent high.
Therefore, we will be waiting for the confirmation candle such as bullish engulfing candlestick pattern and etc, to form from either sides to get into the market. Remember, patience is the key here.
Happy trading!
CADJPY has been struggling in between the price range of 79.70 to 78.34 for the past few days. Therefore, a break of 78.34 would result in bearish movement to 74.13 (ideally) whereas fail to break below 78.34 would push the price to 81.64, which is the recent high.
Therefore, we will be waiting for the confirmation candle such as bullish engulfing candlestick pattern and etc, to form from either sides to get into the market. Remember, patience is the key here.
Happy trading!
Penafian
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