CADJPY Showing Weakness on Daily & Weekly TF
on the weekly CADJPY is making lower lows and lower highs, now the market has pulled back creating a new lower high at a downTrend Line leaving a wick behind at a Supply zone, the market has still room to go till it hits its major support level.
Now on the daily you can see much clearly the Supply level and the market has created a Bearish Candlestick Formation at that level and as I said before its at the same time hitting the down trend line.
on the hourly time frames it is also making lower lows and lower highs, I think this is ready to go.
I'm not advising you what to do nor when to get in, all im showing you is how i review the market so you can learn how to do it yourself....
I Hope you learned something!
Now on the daily you can see much clearly the Supply level and the market has created a Bearish Candlestick Formation at that level and as I said before its at the same time hitting the down trend line.
on the hourly time frames it is also making lower lows and lower highs, I think this is ready to go.
I'm not advising you what to do nor when to get in, all im showing you is how i review the market so you can learn how to do it yourself....
I Hope you learned something!