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Pika7993

Huge top rejection

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Pika7993 Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Technical Indicators Fundamental Analysis Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI) support Support and Resistance CADJPY
5
6
trendanalysis indicator fundamental macd relativestrengthindex support supportandresistance cadjpy
After a nice surge to top resistance we found rejection. Rejection at this level aims for bottom support.

Macd/Signal are making huge cross through zero line indicating the volume increase for sellers. RSI is set to make deep breach into oversold.

Please comment with thoughts and comments. Previous idea was buy from bottom support to top with huge success is attached. Thank you.
Trade active:
TP 1 hit looking for a support break at market open
Trade closed: target reached:
TP 1 hit and TP 2 Target nearly reached close out with pivot

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