Consolidations of 7th and 8th of SEP were best signs of changing in direction of CADJPY.
Bulls lost their strong level of 108.95 and all so many of their supporters , including me, change their side.
If you are in short position take this pair under observation! there might be some struggles to go down further.
MA100 might play a strong role as a dynamic resistance.
I have two shorting scenarios.
1st one: in case of breaking 108.5 up there might shadows of 4H candle may go through the MA25.
Those reversals may be caught by CCI25 of 4H over 100 or 150. de-validation of this setup is breaking the bearish channel to the top
2nd one: in case of breaking MA100 successfully, it may be a chance of reversal to the bottom of the channel.
Bulls lost their strong level of 108.95 and all so many of their supporters , including me, change their side.
If you are in short position take this pair under observation! there might be some struggles to go down further.
MA100 might play a strong role as a dynamic resistance.
I have two shorting scenarios.
1st one: in case of breaking 108.5 up there might shadows of 4H candle may go through the MA25.
Those reversals may be caught by CCI25 of 4H over 100 or 150. de-validation of this setup is breaking the bearish channel to the top
2nd one: in case of breaking MA100 successfully, it may be a chance of reversal to the bottom of the channel.
註釋
It's not fully break yet!
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