FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY has been on a long term downtrend since 2017.
Price is testing the descending channel resistance.
Price action is printing an ascending triangle pattern.
Bullish ⬆️ - breakout above the ascending triangle resistance + descending channel resistance.
Bearish ⬇️ - breakdown below the ascending triangle support + previous swing low.

Comments

I’m short cadjpy, head and shoulders on 4 hour time frame
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@fxpays yeah I've spotted it too. Waiting for the pattern neckline breakdown sell confirmation
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fxpays Chibuike_Odoh
@Chibuike_Odoh, ye same, I'm staying out until neckline is broken, good luck this week
+1 Reply
@fxpays thanks mate
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Yeah
+1 Reply