According to my analysis CADJPY is going Bearish For Upcoming Week
1- As it made W Shape Chart Pattern break above the Neck Line and go up.... Now Price is going to retest the neck line that has made on daily time frame
2- Price is making nice Quasimodo chart pattern on 4 Hour Time Frame also Suggest it Bearish behavior for the upcoming week
3- Price has break above from 200EMA its possible that it will retest the 200EMA after Breakout
1- As it made W Shape Chart Pattern break above the Neck Line and go up.... Now Price is going to retest the neck line that has made on daily time frame
2- Price is making nice Quasimodo chart pattern on 4 Hour Time Frame also Suggest it Bearish behavior for the upcoming week
3- Price has break above from 200EMA its possible that it will retest the 200EMA after Breakout
Comment:
i moved SL above highest high still bearish in this currency pair
Comment:
Today is Wednesday and price printed out new levels......
these new levels( price structure has made "New HL" ) has invalidated the ideal "Quasimodo chart pattern" but i am still optimistic of bearish move of this pair untill it break out "highest high level"
these new levels( price structure has made "New HL" ) has invalidated the ideal "Quasimodo chart pattern" but i am still optimistic of bearish move of this pair untill it break out "highest high level"