Optimum369

20 Reason for Sell CADJPY

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Sideways Since 1998
2 📆Monthly: Rejected at upper range level
3 📅Weekly: a clear choice formatted price goes down
4 🕛Daily: Made 2 higher low and lower low clear bear structure

😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bear
6: 2 Pattern Candle Chart: Momentum candles /Support breakout M pattern is also completed
7: 3 Volume: High volume inside the trend
8: 4 Momentum UNCONVENTIONAL Rsi: Below 40 super bearish shift range from sideways to bear
9: 5 Volatility measure Bollinger bands: Walking on the band and now start for down 2 2nd wave
10: 6 Strength ADX: the bear is in power
11: 7 Sentiment ROC: clear JPY is weaker than CAD, but this time, JPY are in correction MOOD

✔️ Entry Time Frame: h4
12: Entry TF Structure: bear
13: entry move: move is Corrective
14: Support resistance base: FVG/OB
15: FIB: Wait

☑️ final comments: Sell
16: 💡decision: Short
17: 🚀Entry: 103.515
18: ✋Stop losel:104.548
19: 🎯Take profit:97.263
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration:30

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