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VladimirRibakov

CADJPY Short Term Sell Idea

Short
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
VladimirRibakov  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Multiple Time Frame Analysis Technical Indicators CADJPY SELL Bearish Patterns keyresistancezone bearishhiddendivergence bearishdivergence bearishconvergence Trend Line Break
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trendanalysis mtfa indicator cadjpy sell bearish keyresistancezone bearishhiddendivergence bearishdivergence bearishconvergence trendlinebreak
H4 - Price respected a key resistance zone and is bouncing lower.

Bearish hidden divergence followed by continuing divergence.

Most recent uptrend line breakout

H1 - Bearish convergence

Currently it looks like a correction is happening.

Until the key resistance zone holds my short term view remains bearish here.
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