ForceFollower

CADJPY H4: Further decline expected

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
5
One of the strongest down trends currently. The sellers are kind of protected by the wide-range bar. The most recent up leg is equal in size to the prior one, legitimizing a shorting idea.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.