'' Major Price Rejection! Is CAD/JPY Ready For A Drop? ''

18 Mar

CAD/JPY Technical Analysis – 4H Chart

Key Levels & Market Structure
- Resistance Area: 104.800 - 105.486, where sellers may take control.
- Target Area: 102.723 - 102.744, a potential bearish target.

Potential Trade Setup

- Price is currently rejecting the resistance area, indicating a possible reversal.
- A strong rejection or bearish confirmation could push the price down toward the target area.
- If price breaks above resistance, it could invalidate the bearish setup and continue higher.

Market Outlook
- Bearish Scenario: Price fails to break resistance and starts declining toward 102.744.
- Bullish Scenario: A breakout above 105.486 could lead to further upside momentum.

Traders should watch for confirmations at the resistance zone before entering a trade. 📉🔥

If you enjoy, press the like button.

18 Mar

İşlem aktif

20 Mar

Not

20 Mar

İşlem kapandı: hedefe ulaştı