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reliancefx_
Jul 13, 2020 4:32 PM

CadJpy  Short

Canadian Dollar/Japanese YenFXCM

Description

We have see a nice breakout and retest of the trendline .
On the retest we can see that the candles have formed a reversal pattern, we can see an evening star and an upside down pinbar which some might call it a hanging man.
it all fall sin line with the resistance zone and its within the 61.8fibonacci area!

Confirmations :

1 - Fibonacci 61.8% area
2 - Resistance Zone
3 - Brea and retest of trendline
4 - Reversal patterns
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