FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
My previous charts came true: first, the price bounced off the support line (79.088) and began to rise.
Then it continued to grow in search of an entry point to open a trade.
Now it has come (and has already tried to break through) the resistance line 79.944.
It is important that two more pass along this line. Together they form a strong resistance zone. The oldest of the nearest lines is 2015.
Thus, the price is unlikely to rise.
I think it's time to open a sell trade. The entry point to the trade is 79.919.
SL - before reaching the second line of resistance - 80.602.
TP - support line - 78.501.

--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.