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WicktatorFX
May 17, 2021 11:05 AM

CADJPY - Key Reversal Pattern 💫 

Canadian Dollar/Japanese YenFXCM

Description

CADJPY is in the perfect place to look for reasons to enter short. On the lower timeframe we can see that there's an ascending correction which is typically a reversal pattern. As it's in our high value area for reversal, we can gain an entry on the break of the ascending correction and hold that trade for a while!

See chart update for lower timeframe and an overview of cadjpy.

Goodluck and trade safe!

Comment

Comments
Hassanfx_Expert
sir are you still think it will go down?
WicktatorFX
@Hassanfx_Expert, Yes. Should be going down soon
Jamal92
@Wicktator, Not really.
Jdes
I agree 🤝
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