TraderNeoh

CADJPY - Momentum Shift Confirmed?

FX:CADJPY   加元/日元
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.


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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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