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CADJPY is overbought on the 4H timeframe after a strong upward move.
Are sellers stepping in now?
We’re currently waiting for a retest of the midline — if it breaks and a candle closes below it, then it’s likely a bearish move heading down toward the next support level.
However, if CADJPY breaks above the top resistance with strong momentum, then it’s likely a continuation of the bull run.
Are you bullish or bearish on cadjpy?
CADJPY is overbought on the 4H timeframe after a strong upward move.
Are sellers stepping in now?
We’re currently waiting for a retest of the midline — if it breaks and a candle closes below it, then it’s likely a bearish move heading down toward the next support level.
However, if CADJPY breaks above the top resistance with strong momentum, then it’s likely a continuation of the bull run.
Are you bullish or bearish on cadjpy?
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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.
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.