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Profound_Ambition
Oct 7, 2019 10:01 PM

CADJPY H4 

Canadian Dollar/Japanese YenFXCM

Description

Price has pulled back to previous support & rejected as new resistance, which could also be considered the double top neckline. Could also be the start of a new downtrend as price has now made a lower high, & can make a lower low next towards the major highlighted support region below.

Comment

D1: Double top clear at the long term descending trendline also can be considered as an "M" Formation, & price has found resistance.

Comment

Update: Nice reaction off resistance zone
Comments
Dave-FX-Hunter
Profound_Ambition
@DaweFXHunter, good luck with your trade.
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