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on DAILY: CADJPY is sitting around strong non-horizontal resistance in brown so we will be looking for sell setups on lower timeframes.
on M30: CADJPY formed an objective trendline in red and a head and shoulders pattern so we are waiting for a momentum candle close below its last swing and neckline to sell.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
on DAILY: CADJPY is sitting around strong non-horizontal resistance in brown so we will be looking for sell setups on lower timeframes.
on M30: CADJPY formed an objective trendline in red and a head and shoulders pattern so we are waiting for a momentum candle close below its last swing and neckline to sell.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT
