Get started
iamarielle_868

CADJPY H4, monitor closely for possible reversal.

Canadian Dollar / Japanese Yen (FX:CADJPY)  
iamarielle_868  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis CADJPY canadiandollar breakandretest swinghigh trendchange reversalpattern
3
0
trendanalysis chartpattern beyondta cadjpy canadiandollar breakandretest swinghigh trendchange reversalpattern
Price has dropped lower than the most recent swing high which is one of the first indicators of a change in trend. If we get a retest at the resistance zone we can wait for a reversal pattern to form before entering a sell. It would also be possible to enter a bullish trade back to the resistance zone once this idea plays out.
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.