He Traders,
The CADJPY broke below the key demand zone, early London session yesterday, then made a retest back to zone (that could have a given a quick sniper entry for traders that checked this and saw it early.
However, i decided to wait for a more cleaner entry - meaning i am expecting a better retest (mitigation) of the previous support area then now using it as a resistance.
Now, the price is heading toward that zone, which also confluence with 50% Fibonacci level and 21-period EMA.
A limit order can be place at this zone and target the demand / OB below.
Always apply risk management
The CADJPY broke below the key demand zone, early London session yesterday, then made a retest back to zone (that could have a given a quick sniper entry for traders that checked this and saw it early.
However, i decided to wait for a more cleaner entry - meaning i am expecting a better retest (mitigation) of the previous support area then now using it as a resistance.
Now, the price is heading toward that zone, which also confluence with 50% Fibonacci level and 21-period EMA.
A limit order can be place at this zone and target the demand / OB below.
Always apply risk management
Nota
TRADE GOT ACTICE AND ACHIEVED IN UNDER 4HRS - POWER OF NFP
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.