VitruvianTrader
Short

CADJPY Bearish Analysis

FX:CADJPY   Canadian Dollar/Japanese Yen
3 months ago
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
3 months ago
Comment: DId not get the confirmation I spoke about. Setup seems invalidated
flashsolver
3 months ago
CADJPY been stubborn and holding, i think there was some good news for CAD yesterday and today some slightly less expected ones but it's holding quite well. if it holds like that it might hike up more on friday with the dollar.

nice chart btw :)
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VitruvianTrader flashsolver
3 months ago
Thanks! Looks like price is squeezing on this wedge

snapshot
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flashsolver VitruvianTrader
3 months ago
yeah, I had same wedge on my chart, but on a larger picture i see it broke out from good resistance
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