jojofang0901

CADJPY Can We Expect A Bearish Move here

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen

Hello everyone:

CADJPY also is on my watchlist to look for a potential sell opportunity.

We can see price has pushed up from the expanding correction, but is not showing us a strong bullish price action.

Instead price is rather corrective and within an ascending channel correction.

From the HTF we know there is a potential double tops that the price is currently at, and all these lower time frame price action is indicating to us a potential bearish reversal could happen.

To confirm the downside move, first let the correction completes first, and wait for strong bearish breakout and a bearish continuation correction to form and look for sell entry down.

Thank you
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Comments

greta work bro thanks
+2 Reply
jojofang0901 HollyDary
@HollyDary, thx )
Reply
I am looking for a sell too :D let's see how it goes
+2 Reply
jojofang0901 SensibullTrading
@SensibullTrading, great glad to hear
Reply
gwenemily55 SensibullTrading
Reply
Detail overview, good job mate ;)
+1 Reply
jojofang0901 StevesTradingV
@StevesTradingV, your welcome thx
Reply
On point Jojo, I am also short here
+1 Reply
jojofang0901 TheSignalyst
@TheSignalyst, nice to hear thx :)
Reply
Great work my friend!
+1 Reply