CADJPY hit today the top of the HH trendline that started the Channel Up at the start of the year. 1D is naturally on firm green level technically (RSI = 64.634, MACD = 1.030, ADX = 45.677) but the RSI has been trading on a flat Rectangle since May 18th. It is the same pattern that led to the February 18th High. Our trigger level to sell is the crossing under the dotted Channel Up. Our target will be the 1W MA100 and bottom of the Channel Up (TP = 98.500).
Prior idea:
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I agree with you. Also BOC tomorrow can support this bearish wave. Thanks for sharing
Solldy
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I second that! It's a little early to make a prediction now, of course, but all the arguments are the same as the ones I highlighted for myself. So, my scenario is almost completely the same)