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VasilyTrader
Nov 4, 2020 6:57 AM

CADJPY: Looks Bearish Today Short

Canadian Dollar/Japanese YenFXCM

Description



CADJPY got rejected from key daily structure resistance.

on 1H the price has formed a double top formation on a key level and broken below the support line of a rising wedge pattern.
now the neckline of a double top and broken trend line serve as a local supply zone.

after its retest bearish continuation is highly probable

goals
78.7
78.3
Comments
numerologyart
Today's most promising deal. Indeed some inner liquidity was taken and short term structure confirmed as well in last few hours and now we are selling off
VasilyTrader
@numerologyart, thank you for comment bro!
numerologyart
@VasilyPonomarev, Yeahh turned out range bounds..., unfortunately this week is nothing normal , let's see how it goes when white house daddy will be known :)
InkyGrip
I agree with you thanks! 🦐👌🏻👀
VasilyTrader
@plancton0618, you are welcome buddy 🙏
VasilyTrader
are you also bearish on cadjpy?
elliotty
@VasilyPonomarev, yes
VasilyTrader
@elliotty, good, my friend!!!
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