CADJPY OHLC MONTHLY STRUCTURE IN DAILY TIMEFRAME(Sell Setup) 🚨
CADJPY
OHLC
MONTHLY STRUCTURE
DAILY TIMEFRAME (Sell Setup) 🚨
The CADJPY pair is exhibiting a noteworthy OHLC (Open, High, Low, Close) structure in the daily timeframe. Currently, the price is being rejected below the resistance level of 104.589.
Anticipating a close below 104.088, it is advisable to wait for a TDI cross to validate the presence of selling pressure in the markets. Once the cross occurs, the initial target would be 103.215, followed by a second target of 102.914 in the daily timeframe.
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
OHLC
MONTHLY STRUCTURE
DAILY TIMEFRAME (Sell Setup) 🚨
The CADJPY pair is exhibiting a noteworthy OHLC (Open, High, Low, Close) structure in the daily timeframe. Currently, the price is being rejected below the resistance level of 104.589.
Anticipating a close below 104.088, it is advisable to wait for a TDI cross to validate the presence of selling pressure in the markets. Once the cross occurs, the initial target would be 103.215, followed by a second target of 102.914 in the daily timeframe.
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
Please support this idea with LIKE if you find it useful.
P A T I E N C E + D I S C I P L I N E