CADJPY LONG

26. Jan. 2020

IN CADJPY WE SEE ON THE WEEKLY THAT WE HAVE BROKEN A BEARISH CHANNEL AND NOW PRICE IS MAKING HIGHER HIGHS AND ON THE DAILY PREVIOUS CANDLE CLOSE WE SEE A SELLERS TRIES TO PUSH BUT REJECTED HEAVILY AS PRICE RESPECT THAT MINOR SUPPORT LEVEL AND THE DAILY BULLISH TREND LINE HOW EVER WE SEE A CANDLE WICK REFILL WITH A LITTLE SIGNS OF REJECTION TILL THIS MEANS I'D HAVE TO WAIT BEFORE ENTERING FOR YET ANOTHER CONFIRMATION THE KEY HERE IS TO BE PATIENT LOOKING AT THE 4H PRICE ACTION WE SEE TWO REJECTION AND ALMOST A HAMMER FORMATION AGGRESSIVE TRADERS WOULD ENTER 4H OPENING BUT FOR ME TO BE ON THE SAFE SIDE I'D PUT A PENDING ORDER ABOVE 83.553




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