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ForecastCity
Jul 6, 2021 1:29 PM

💡Don't miss the great sell opportunity in CADJPY Short

Canadian Dollar/Japanese YenFXCM

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (89.68).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. CADJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 29.

Take Profits:
TP1= @ 89.44
TP2= @ 89.24
TP3= @ 89.04
TP4= @ 88.89
TP5= @ 88.70

SL: Break Above R2

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Comments
sofi_Morphy
Goood job
ForecastCity
@sofi_Morphy, Thank you
DenizKilicDeniz
Thanks a bunch .
ForecastCity
@DenizKilicDeniz, It's our pleasure!
davidgolandak
You're the best.
Thanks for sharing
ForecastCity
@davidgolandak, It's our pleasure! Thank you for your comment.
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