CADJPY TO FALL FROM THE SKY! 110 PIP SELL
Good evening and happy holidays from the UK. I am currently looking at the Daily timeframe. Here are my confluences on this short sell
-Yen Index (JXY) chart has a new double bottom anticipating Yen strength
-After the counter trend line break we have creating swing highs and has failed to break through my weekly resistance at 84.300
-The weekly had two rejections creating a double top.
-Trendline break
-Price is riding below my moving averages. with a MA cross to the downside imminent.
-Lookning for my pink ascending channel trend line to be met as a first target. 83.390 is my target.
-Yen Index (JXY) chart has a new double bottom anticipating Yen strength
-After the counter trend line break we have creating swing highs and has failed to break through my weekly resistance at 84.300
-The weekly had two rejections creating a double top.
-Trendline break
-Price is riding below my moving averages. with a MA cross to the downside imminent.
-Lookning for my pink ascending channel trend line to be met as a first target. 83.390 is my target.