SensibullTrading

CAD/JPY at multi-year resistance, fall likely!

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
CAD/JPY has reached a multi-year resistance level . It looks unlikely
for the bulls to break through this strong resistance in the first attempt.

So, there might be a moderate correction soon.

A sell entry@91.10-91.60 with SL above 92 and initial TP at 88 could be
a possible sell signal based on the weekly chart.
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Comments

I'm relying on you! Short already. πŸ‘Š
+1 Reply
Great analysis again. Thanks for sharing!
Reply
Excellent breakdown, well done. πŸ˜‰
Reply
Great
Reply
Already short !
Waiting for the rain :))
Reply
Really interesting, nice one πŸ‘
Reply