Lingrid

CADJPY FALLING from strong RESISTANCE zone

Short
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
Moving in an upward trend since March last year, the price reached a strong resistance zone at 85.96. This zone is formed by two lines. The first is the trend resistance line, the second is the strong line of 2014!

From this zone, I expect the beginning of the fall. An additional reason to expect a drop is that the price has stuck to a rise since January of this year. And as you know, such a long-term growth must end with at least a correction. Thus, my final target is the support zone 82.04.

Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.