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RaynLim
Jan 21, 2024 12:21 PM

Confluence of Bearish Patterns Short

Canadian Dollar/Japanese YenFXCM

Description

CADJPY is displaying a confluence of bearish patterns:

1. Weekly Bearish Shark Pattern:

- Retest in progress.

2. Daily Type2 Bearish Gartley Pattern:

- Completion aligns with the Bearish Shark on the weekly.

The trader plans to wait for a confirming candle on the daily chart near the level of 110.37.

Share your insights and trade plans for CADJPY!
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