Hello, traders I have been analyzing the CADJPY market trend for a while now and if you look closely it has created a rising wedge pattern on a Daily time frame for my understanding, this pattern signals a bearish move. So now I will wait for the price to break the trend line and that zone I highlighted and come back to it and act as resistance then I can look for long bearish trades. So what do you think about this one?
@lovinski, yeah that's why I said I have to wait for the price to break the trend, you don't need to rush the market sir you have to wait for the perfect moment
TheFxAce
⋅
Your bearish market insights are thorough and provide much-needed caution.
dlaminisya
⋅
@TheFxAce, yeah just waiting for the right moment now