Yahia.Awes
Long

Too many signs on this pair

FX:CADJPY   Canadian Dollar/Japanese Yen
35 1 4
The timeframe is small, but it shows me the following signals.
  • We are seeing a rejection here at 0.382-fibbonacci retracement
  • A gap in the 100 area
  • Very steep rise with a massive bearish divergence potential, so the 100 pip drop is likely, but personally I'm looking for a long at the right shoulder.
  • Inversed H&S could become a fact because of the hanging man .
  • Horizontal resistance at fib-level.
  • Nikkei needs to go up once more, that is normally the behaviour of a wedge , breakdown then retest.
I still believe this has to go up, because it is co-related with crude oil. Crude oil will reverse soon also.
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