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jojofang0901

CADJPY False breakout, Look for bearish reversal

Short
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
jojofang0901 Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns Flag Parallel Channel priceaction structure pattern impulse correction Wedge
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chartpattern flagpattern parallelchannel priceaction structure pattern impulse correction wedgepattern

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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