CAD/JPY Expected Trend Resumption

FX:CADJPY   Canadian Dollar / Japanese Yen
279 21 7
at the trendline , triple tops, a rebound off the sloped resistance, the yen strengthening again, the loonie quite weak but with a potential to make further decline...
How Do you think for next weeks ?
ForceFollower Mirandole
Currently not on my watchlist because the yen is too weak, but I'm bearish about this pair's outlook. Definetely would not be looking to go long; if I was looking to go short though, I'd be looking to enter at resistance at 91.955 or 92.370.
Mirandole PRO ForceFollower
Ok thx :)
89.50-90.00 is the the downside target for me.....this range is also a buy zone for me....current 93
I agree - 90! - this whole number may be one of the reasons, why it could continue downward.
alex.a ForceFollower
Perhaps, now it is going down??? You predicted a bit early??? ^_^
alex.a ForceFollower
Now only matter firstly it has to break 92.4 Interesting...
If another impulse comes, I think it can go down to 92.15. And that would be it for now, as the low 91.8 won't let it through to test the bottom. At least in the ongoing impulse wave.
alex.a ForceFollower
nice work my friend , im with you , look at htis idea
i think that open sell order now with a SL above the resistance level , and take profit at the support level is a good idea , any way the main trend (daily) is still down , so we are always with our friend :)
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