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FX-JOEY
Feb 24, 2020 4:37 PM

CADJPY, A Potential Big Bearish Move At Hand? Short

Canadian Dollar/Japanese YenFXCM

Description

Resistance Zone : 84.029 - 84.802

I'm looking for an accurate sell entry as this could be the start of a big Bearish movement.

REASON:
--- The zone has previously been used for support and resistance in the past.
--- The Resistance zone and the long term Trendline converge around the same point.
--- Price Just broke below the short term support trendline

NOTE:
--- Beware of price breaking and closing above the Resistance zone/Resistance Trendline for further upward movement.

WARNING:
--- Before you trade my idea make your own analysis.

Thank you for reading.

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