Posted by: joetradingplace | June 3, 2015

Cadjpy ready to drop?????

Look at how many times buyers have been failing to push through the 100 zone..every time price reaches that level it drops, shows that there is more selling pressure waiting at that zone…now if sellers can manage to sustain price below the 99.80 zone, i will be favouring a drop and then a break of the trendline for more downward momentum. Now lets keep our eyes on this pair, could be a good trade….with the first target around the 98.50 zone.

Screen Shot 2015-06-03 at 20.54.44

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Responses

  1. […] check this post to learn how i read price action https://joetradingplace.wordpress.com/2015/06/03/cadjpy-ready-to-drop-2/ […]


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