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VladimirRibakov

CADJPY Short Term Bearish Idea

Short
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
VladimirRibakov  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Trend Lines Multiple Time Frame Analysis CADJPY SELL Bearish Patterns bearishdivergence resistancezones Trend Line Break
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trendanalysis trendline mtfa cadjpy sell bearish bearishdivergence resistancezones trendlinebreak
D1 - Bearish divergence.

Currently it looks like a potential double wave correction is happening.

H4 - Bearish divergence.

Until the strong resistance zone holds my short term view remains bearish here.

A valid breakout below the most recent uptrend line would be the validation for this short term bearish view.
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