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TheSignalyst
Oct 12, 2021 11:03 AM

CADJPY - Wait For The Trigger! Short

Canadian Dollar/Japanese YenFXCM

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

CADJPY is sitting around a daily resistance in red so we will be looking for sell setups.

on M30: CADJPY is forming a double top pattern but the setup is not ready to go yet.

Before we sell, we need the bears to take control.

Trigger => Waiting for a momentum candle close below the gray neckline to sell.

Until the sell is activated, CADJPY would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
KlejdiCuni
it looks great!
ProjectSyndicate
need more setups just like this
financialflagship
Great job, I’m looking forward to it. Keep it up. 😊
ForexTrendline
didn't get that breakout, let's see if it comes back
TopTradingSignals
I happen to share your bearish bias!
kwinner
Update...?
Babenski
nice work
L_a_R_U
Nice chart!
TradingBonus
Good job my friend! Keep it up. 🔥
FieryTrading
Great forecast, thanks for sharing! 🔥
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