Two good levels to go short CADJPY 91.31 and 90.54
90.54 is a strong support resistance level which has become a strong resistance level. The price has bounced of this level multiple times. I expect to see strong reaction to this level again when the price touches this strong supply zone.
Another level is 91.31, strong sell off from that region. I expect to see reaction to this point when prices reaches this supply zone. I am in 2 minds because 91.27 has a strong resistance. Price has bounced off this level many times. Depending upon how the price reaches the price I might divide my order in 2 lots.
90.54 is a strong support resistance level which has become a strong resistance level. The price has bounced of this level multiple times. I expect to see strong reaction to this level again when the price touches this strong supply zone.
Another level is 91.31, strong sell off from that region. I expect to see reaction to this point when prices reaches this supply zone. I am in 2 minds because 91.27 has a strong resistance. Price has bounced off this level many times. Depending upon how the price reaches the price I might divide my order in 2 lots.