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mleader1
Jul 21, 2021 4:12 PM

ready to go down Short

Canadian Dollar/Japanese YenFXCM

Description

Nicely overbought RSI in short period on all lower time frames, ok formed inverted cup on daily chart and near 0.5 fib retracement for a handle formation.

The jump was also supported by a double bottom formation.

Note: It was a confirmed downtrend, but with the CAD coming back strong a reversal may happen. For now, it will need almost immediate correction to all it's pairs in the next day or two.

enjoy.
Comments
TrnhNgcTi
i think like you
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