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ProSignalsFx
Feb 16, 2021 4:25 PM

🏛CAD_JPY WILL GO DOWN AFTER RETEST↘️SHORT🔥 Short

Canadian Dollar/Japanese YenFXCM

Description


☑️CAD_JPY is trading in a rising channel
And the pair has hit the resistance of the channel recently
From where we saw a nice bearish reaction
I expect further correction, after a possible retest of the resistance
The target being the nearest support level below
SHORT↘️

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Comment

First target reached!
Comments
ProjectSyndicate
maybe one final push higher, then dump. thoughts?
ProSignalsFx
@ProjectSyndicate, sure, as I said,a retest is possible
MMBTtrader
well done perfect one thanks for sharing
ProSignalsFx
@MMBTtrader, great! appreciate!
Trader_Dale
Hello MountainTrader,
That's a nice outlook! We are looking at pretty much the same point to go long from here, so I hope you'll like to see my view:

Hope you don't mind me sharing. :)
Cheers,
-Dale
KlejdiCuni
Great analysis. I like it.
TheSignalyst
waiting for it too !
Stargazer_fx
clean and easy to understand, thanks for sharing
FXtrades-gp
Interesting chart analysis, I would wait a long opportunity on this rising wedge , but everything on your chart makes sense 👍 thanks guys
ProSignalsFx
Agree?
More