CADJPY 30min Analysis February 17th, 2021
Price is currently at our key structure zone of 83.300.
Trade Scenario 1: Bullish - For us to go long we want to see price find support around 83.300. We will look to enter on strong bullish setups off this zone, first targeting 83.540
Trade Scenario 2: Bearish - For us to go short we need to see price break below 83.300 with conviction. We will then wait for a retrace and for 83.300 to flip as resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price find support around 83.300. We will look to enter on strong bullish setups off this zone, first targeting 83.540
Trade Scenario 2: Bearish - For us to go short we need to see price break below 83.300 with conviction. We will then wait for a retrace and for 83.300 to flip as resistance.
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