DeGRAM | CADJPY false break of the resistance
CADJPY made a false breakout of the resistance level where price made equal highs.
Price reacted to the resistance level at 108.500 by falling several times.
The market shows massive divergence at the resistance level on the hourly chart, showing that bulls run out of steam.
We expect a bearish move since the daily chart shows us consolidation.
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Price reacted to the resistance level at 108.500 by falling several times.
The market shows massive divergence at the resistance level on the hourly chart, showing that bulls run out of steam.
We expect a bearish move since the daily chart shows us consolidation.
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Share your opinion in the comments and support the idea with Like. Thanks for your support!
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🔻FREE Telegram channel🔻
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t.me/DeGRAMForex