CADJPY Weekly.
You Indicate 78.84 as the " Strong Support " ...
Is that where you have placed a Limit Entry?
If not that, {I realize it is very hard to show ALL in a ScrSht.} Would you Play a Low Break?
If CADJPY moves to confirm, Where would you consider your 1st TP? 40 Pips Away OR would you shoot for a 'Recent New Low?
40P Play on a weekly chart would normally say to me.... "Move along please. Nothing to see here."
I don't mean to sound negative it's just that when I put Real on the line, I like to be Positive {or as close as I can be}
Respectfully
On the other hand... {wouldn't life be nice if there was No Rebutal} I see a Possible Huge Short Potential building in this pair but from a different perspective.
I see Poss RE-Test of 74.00 but it should be incorporated in your analysis of Bear Attacks that the Bulls have Reinforced for Defence.
This one wont be easy. Soft Defence to start but becoming more solid as time {Price} elapses.
74.00
72.00
70.00
Take them out & the gate is Open to 52.00
My Chart view.
