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Lingrid
Mar 25, 2023 2:36 PM

Lingrid | CADJPY short from RESISTANCE zone Short

Canadian Dollar/Japanese YenFXCM

Description

The price perfectly fulfills my last idea and the market hit the target. The price is pulling back to resistance again after testing the support level and lower border of the descending channel. The market pulling back from the resistance level was tested 2 times. I am waiting for the price to roll back to the support level because price has fallen before and the trend is bearish . My goal is the support level at 94.100



Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Comments
Lingrid
Hi traders, rate the idea, what do you think? Please share your opinion! 🤠
elmaj2007
@Lingrid, when and what would be a good entry point?
JoeChampion
I agree on CAD weakness against the classics Lingrid, keep it up!
AlkalineFX
I can visualise this
TheTradersAvenue
Thank you for your analysis!
babardilshad088
Tooo good
InvestMate
I like it!
Candlestick_OB
Good job, keep it up.
sapkooo25
Thank you very much
pejman_zwin
I am also bearish on it.🤔
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