Hello traders, here is my own thoughts on CADJPY Daily and 1h TF. On the Monthly/Weekly and Dily, the mkt is trending to the down side and since on the 10th of March 2025 the mkt have been in a consolidation up till now inside a support and resistance pivot point aera at the top and at the bottom. Right now i can see that price is at 105.639 aera the S/R/PP aera on the weekly/daily on to the 1h TF. So at this point i will be looking go short after a price action and a bearish candlestick pattern formed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.