CADJPY - Bearish Shark at 84.60 - 84.80

This setup is pretty correlated with my analysis on USDJPY.

Pattern Identification

Bearish Shark completes around 84.63.

Drawing in my strong S/R zone, I will not be surprised to see it going slight higher to 84.80.

This will be my zone of interest

Trade Execution

I hope to see a nice rejection around the zone I mentioned above.

EP: 84.60-84.80
SL: 85.10 (50)
TP: (CD Fib 50%)83.45 (115)

This setup will be invalited when price goes above 85.10 or if it continues falling without coming up to my zone of interest

评论:

Updated Shark Pattern. Still watching the same area for short opportunities.

Right now, I'm standing with the bulls.