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CADJPY reverse signal appear

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
newbietrader_TZW  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
Daily
  • Testing the key resistance ( purple line )
  • Weak bullish momentum showed from the MACD due to the exhaustion of the histogram
  • RSI indicated a death cross at the 80 levels and ready to turn down
    snapshot

H4
  • reversal signal formed (yellow box)
  • MACD histogram shows the exhaustion of bullish momentum
  • Death cross formed at RSI

What to do now?
  • Short the market immediately
  • Please do your own proper risk management
#Good Luck to all traders!!!#
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