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MKBillions
Sep 28, 2021 1:53 PM

CADJPY Short

CAD/JPYOANDA

Description

CADJPY has been holding a trendline as support since 85.109 which was the base of the descending channel it was in. Now at 88.315 it has broken this trendline and looks to be reversing to the downside. My first target will be at 87.670 as that is a strong level of support.

Trade closed: target reached

Exactly as predicted. Price went even lower.
Comments
Rabeekhatlani
Agreed,,,,,,,,,,,,,,,,,here is my analysis on hourly harts

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