Hello traders around the world!
CADJPY on the weekly chart is looking great as the price is reaching a key area on the upper trend line.
I won't be focusing on long positions in these 3 areas. I will be focusing on taking reversal patterns for short positions.
1st area is at the weekly upper TL around 115.000
2nd area is at the mass psychology rejection line around 125.544
3rd area is at the higher mass psychology rejection line around 137.390
Always wait for the right pattern before executing.
Patience is key.
#ThePrimes
CADJPY on the weekly chart is looking great as the price is reaching a key area on the upper trend line.
I won't be focusing on long positions in these 3 areas. I will be focusing on taking reversal patterns for short positions.
1st area is at the weekly upper TL around 115.000
2nd area is at the mass psychology rejection line around 125.544
3rd area is at the higher mass psychology rejection line around 137.390
Always wait for the right pattern before executing.
Patience is key.
#ThePrimes