The past week has been very rushed but i believe now is the best time for a sell. Just my personal idea not a recommendation 😬
Yesterday's calculation was a miscount, biased to the double top on the daily candle. Other than divergents on all D1, H4, H1 there has been a huge rejection. Even if price decides to break high again its not going to go for much.
This is my outlook on CADJPY: 1) Double top on weekly 2) Overbought RSI 3) Broke the trendline on H4 4) Corrected up to +- 76
Should start downtrend very soon!
Have been overextended for some time
Market has retraced back to FIBO 50% and looks to be a strong resistance Short SL :)
This is just a short triangle plan for XAUUSD :)
