jojofang0901

CADJPY False breakout, Look for bearish reversal

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen

Hi everyone:

Similar like AUDJPY , we are seeing similar price action here on CADJPY .

Price made a false breakout of the HTF double tops area, and quickly reverse impulse down.

This is a good indication of the market trapping buyers, and we can expect the next bearish push down from the price.

Look for any LTF corrections to get in on this bearish reversal from the top.

Thank you

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Comments

fantastic ;)
+1 Reply
jojofang0901 T_V_TreeTrader
@T_V_TreeTrader thank you 😊
Reply
Splendid work here 🔥
+1 Reply
@BigLava happy to hear that thx
Reply
Great idea as usual ;)
+1 Reply
jojofang0901 StevesTradingV
Reply
I upvoted with you.
+1 Reply
@abel11 thank you 🙏
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good work man, thank you for sharing
+1 Reply
jojofang0901 TradingAxis
@TradingAxis thx bud :)
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