CADJPY H4 | Rising to resistance level

BY admin admin

TitleCADJPY H4 | Rising to resistance levelTypeBullish BouncePreference:CADJPY could continue the uptrend from the pivot at 106.501, the pullback support, and rise to the 1st resistance at 108.107, the multi-swing high resistance level.Alternative scenario:The price could pullback and reverse to the 1st support at 106.199, which aligns with the 61.8% Fibonacci retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Bloomberg: "Traders on Intervention Watch as Yen Hovers Below 150 to Dollar"

<p>It's a bit of a paradox that if traders are indeed on intervention watch and reluctant to buy USD/JPY ahead of the 150 level where many think the BOJ may step in then there is little pro

Forex

Arizona virus cases rise 2.5% vs. 7 day average of 2.8%

Arizona reports 58 new virus deaths – ICU utilization rate falls to 89% from 90% yesterday – new deaths of 58 vs. 97 yesterday. Total number of deaths 2492 – number of new cases of 3

Forex

USD/CHF stuck just below 0.8900 as Swiss Franc holds steady

The USD/CHF is spreading around the 0.8880 level as market risk appetite sours, but risk flights pull just short of moving their bets on the Swiss Franc (CHF).

Copyright © 2024 | WordPress Theme: Xews Lite