FX:CADJPY   Canadian Dollar / Japanese Yen
Greetings Traders this is my analysis for CADJPY and it is short.

On the chart we can see that the price has touched the resistance line and it is preparing for a downtrend movement.

We can see on the chart that the price has reached the Resistance Line after a good uptrend swing movement.It was a result that has touched the Resistance Line.

Now it has reached its potential and it is preparing for a Downtrend Movement .

I wont remind you of the importance of stoploss it can be above the Resistance Line

Traders Make your analysis before trading.

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I agree with you
+1 Reply
I like your idea bro.
+1 Reply
JPY is weak right now. Hope this one plays out for you mate!
+1 Reply
Zaks_ForexSignals1 SharkFX_Academy
@SharkFX_Academy, Hvala :)
This analysis was spot on. HUGE thumbs up!
Well done!
Very nice work.
Nice chart!
Agree with you and i can add , if u put on chart MACD there is big divergence (bearish) on daily chart too, supporting your idea
I'm following your thoughts 🙏🕯
Lets go bro
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