FX.co ★ raynor.cornelius | CAD/JPY

Hello everyone! Chart of the currency pair CADJPY. Signals from sellers confirm trading at the level of 112.13, and the decision to sell until 111.79 has become more realistic for me. Once this level is reached, I will take profit and switch to buying. I am also considering the possibility of creating a selling position if the price reverses upwards from the current price (correctional entry); as long as the price remains below 111.92, the selling continuation strategy remains valid. However, a breakthrough above 111.92 will be a sign of weakness on the selling side or strength on the buying side, depending on the situation; a breakthrough below 111.79 will determine whether this is a continuation of the impulse or a culmination.