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Frontline_Traders
Feb 25, 2024 6:18 PM

Cadjpy Short Analysis Or Chart  Short

Canadian Dollar/Japanese YenFXCM

Description

As of now, it may touch back the upper level a bit. then
It will come back after touching a resistance which you can see on this 4 hour chart.
If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations.
you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55
First Target of this trade is 110.55 and for second Target you can Hold it for 109.50 Level
Comments
TheFxAce
Considering the downturn signs you've shown, selling seems wise.
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