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Mihai_Iacob
Nov 15, 2021 3:25 AM

CadJpy- Be careful with short trades Long

Canadian Dollar/Japanese YenFXCM

Description

Undoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a reversal.
Also CadJpy above 91.50 can be considered a buy signal
Comments
Buzer
i have two reasons to sell it first downtrend second triple top in H4 time frame
ForexTrendline
Looks great, good luck!
yonsfx
Nice
UnitedSignals
Thank you for the detailed review!
VasilyTrader
Thank you for your analysis!
UnknownUnicorn4127247
Great charting style
MonoCoinSignal
Great job bro
Saif_R
Perfect!
InkyGrip
thank you so much for sharing good content! 🦐
FieryTrading
Strong technical analysis🔥
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