Get started
SynapseTrading

CAD/JPY (Daily Chart) - Top of Price Channel

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
SynapseTrading  
FX:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns Trend Analysis Beyond Technical Analysis CADJPY cad-jpy Forex forexsignals forextrading priceaction synapsetrading
3
1
chartpattern trendanalysis beyondta cadjpy cad-jpy forex forexsignals forextrading priceaction synapsetrading
This pair has had a sharp price run-up before running to strong resistance near the top of the price channel.

After that, we saw some indecision (several price bars moving sideways) before prices came crashing down and closed the price gap.

Odds are now good that prices will continue to fall back to the bottom of the price channel.

I will be looking to short on pullbacks.
Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8

FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X

Related Ideas

SynapseTrading
CAD/JPY (Daily Chart) - Bullish Trend Channel
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.