CADJPY GROWTH after smal fall
The price continues to move between the support and resistance lines in the wedge pattern. However, the price movement was influenced by a small resistance zone formed between these lines - around 80.2
Right now the price is falling from this zone and I expect the decline to continue all the way to the 79.2 support line.
This support line has existed since May 2020 and has already served as a starting point for growth after a fall several times. Therefore, now I expect the price to rise from this support line. And it will come to the resistance line at point 81.1.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Right now the price is falling from this zone and I expect the decline to continue all the way to the 79.2 support line.
This support line has existed since May 2020 and has already served as a starting point for growth after a fall several times. Therefore, now I expect the price to rise from this support line. And it will come to the resistance line at point 81.1.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.