CADJPY – Trading in a short term range

The CADJPY is trading near a LT important level, most if the times the market gets close to an important level, it tends to trade in a short term range, once it breaks that range, I start looking for trade opportunities in the direction of the breakout.

Here is the range for the CADJPY:

A breakout of either side of the range indicate a “clear market condition”, and only trades in the direction of the breakout will be allowed.

Trade Safe!

Raul Lopez
Price Action

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .