The market went down from the resistance after double test.
CADJPY
bounced off the upper border of the channel. The market broke through the upward trendline and it fixed below the range zone. I am waiting for the price to go down to the support level because price has fallen before. The long tailed bar at the resistance 106.500 is going to be cinfirmation to short the market. My goal is the support level at 104.750
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CADJPY
bounced off the upper border of the channel. The market broke through the upward trendline and it fixed below the range zone. I am waiting for the price to go down to the support level because price has fallen before. The long tailed bar at the resistance 106.500 is going to be cinfirmation to short the market. My goal is the support level at 104.750 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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