CADJPY - Momentum Shift Confirmed?
Hi Traders. Today's unfortunately I'm unable to record video analysis due to my body condition.
This is one of my favourite setups today, looking to join the momentum downwards as market had a double failure recently around 106.20 - 106. 40 .
But take note that this is more of a short-term setup, I'm not expecting market to completely reverse for several hundred pips as its yet still lack of information.
Ideal entry will be around 105.80 which is the previous S&R structure.
If at any point market does not respect the 105.80 area then the setup is invalidated.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
This is one of my favourite setups today, looking to join the momentum downwards as market had a double failure recently around 106.20 - 106. 40 .
But take note that this is more of a short-term setup, I'm not expecting market to completely reverse for several hundred pips as its yet still lack of information.
Ideal entry will be around 105.80 which is the previous S&R structure.
If at any point market does not respect the 105.80 area then the setup is invalidated.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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