TheSignalyst

CADJPY Potential Bearish Movement

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY Potential Bearish Movement

we are waiting for a momentum candle close below 82.60 to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Wedge Pattern (in blue)
3- Objective Double Top Pattern (in blue)

Three confluences are enough to consider Selling CADJPY, after a break below 82.6 (in gray)

This analysis is done using RichTL
www.RichTL.com

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