CADJPY SHORT after Break of Supports AND Break of Trendline

2019-11-01 03:03:15

Hello to all wacthing my charts.
Lets habe a look to CADJPY and of course its a Short Play.

But how has that been established ?

Where had it been the best level for a trade ?

Look at my chart.

30.10. 14:00 GMT has been the date for start the trading short

at that time the pair has broken 1) the RED Trendline and 2) 2 Support
(Red parallel Lines)

After that the fall has been increased very very quick.

Now we are sittin on a support level but nobody nows whether
that will hold or not.

Next Support Level is 81.75

We have to watch whether that will hold and maxybe a start of a jump up

But all of my channel systems are so short
its not a time at the moment for thinking about Long

Good trades

If you want to support my work , please be so kind and like them

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My posts are not and advice to buy or sell something
always do your own research
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Renkotrade
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