Get started
NickofJupiter

CADJPY Bearish Analysis

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
NickofJupiter Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
CAD jpy Oil shortsetup Candlestick Analysis priceaction Support and Resistance Double Top Moving Averages divergance
5
3
cad-dollar jpy oil shortsetup candlestick priceaction supportandresistance doubletop movingaverage divergance
CADJPY has reached a pretty decent structure level resistance
A double top has formed along with MACD divergence
On the fundamental side of things the oil numbers oversupply & weak oil prices should affect CAD
Anticipating some kind of bearish confirmation as a close below the neckline (dotted line) and moving average
Comment:
DId not get the confirmation I spoke about. Setup seems invalidated
Discord/Indicators:
launchpass.com/jupiter/babylonians
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.