CAD/JPY - SELL
...
as you can see price is in a uptrend creating HL (higher lows) and HH (higher highs) we have now just hit a past support level acting as a resistance now.i have drawn a fib from swing low to swing high and we have a past resistance level at the 0.382, which now could possibly act as a support to create a new HL (higher low) continuing in an uptrend.RSI indicator is in overbought section, which has given me more confluence to get in on this trade and my MA (moving averages) look like they could cross-over indicating a sell.
...
Instagram:@kianp_11
please direct message me if you have any questions or anything you need help on.
...
What's your opinion?
...
as you can see price is in a uptrend creating HL (higher lows) and HH (higher highs) we have now just hit a past support level acting as a resistance now.i have drawn a fib from swing low to swing high and we have a past resistance level at the 0.382, which now could possibly act as a support to create a new HL (higher low) continuing in an uptrend.RSI indicator is in overbought section, which has given me more confluence to get in on this trade and my MA (moving averages) look like they could cross-over indicating a sell.
...
Instagram:@kianp_11
please direct message me if you have any questions or anything you need help on.
...
What's your opinion?