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VasilyTrader
18 de Feb. de 2020 14:10

CADJPY: Breakout & Bearish Forecast  Corto

FX:CADJPY240
Canadian Dollar/Japanese YenFXCM

Descripción

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CADJPY has clearly respected 83. structure resistance level.

we see a cute double top formation in conjunction with rsi divergence and bearish breakout of a rising wedge pattern.

I think than the pair may recover a bit and then we will see with you a bearish impulse to 82.4 / 81.8 levels.

a wise stop will be 83.2 level

good luck!

please, support the idea with like and leave a comment! thank you!
Technical IndicatorsWedgeSupport and ResistanceRelative Strength Index (RSI)signalssignalserviceCADCADJPYcanadiandollaryen
Comentarios
transparent-fx
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I will be following cadjpy from this perspective, interesting pair
Dragon_Investments
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I totally agree with you, I have sold earlier today, I think price could reach 81.80 by the end of February
VasilyTrader
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Are you bullish or bearish on CADJPY?
morganzebb88
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@VasilyPonomarev, I am also Bearish.
VasilyTrader
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@morganzebb88, great!!! we are on the same boat
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