TradingView
D_Market_Outlook
Nov 25, 2018 1:02 PM

CADJPY FINALLY BREAKING DOWN OUT OF WEEKLY BEAR FLAG. Short

Canadian Dollar/Japanese YenFXCM

Description

1. Price action has broken out of bear flag (with strong volume) and retested previous support.
2. After which Price action broke down again at the 0.618 fibs and broke out of the weekly bear flag and is retesting the weekly bear flag trend line again.
3. Clear short and good probability trade, will be looking to add on size on this one.

Comment



watch for more confirmation on breaking down of bear flag.

Trade closed: stop reached

reassess for short. Rejection from structure

Comment

More