Canadian Dollar / Japanese Yen

Short

CADJPY: Bearish Move from Trend Line

By VasilyTrader

Updated

snapshot

hey traders,

CADJPY reached a strong resistance line of a rising wedge pattern on a daily.
The price was nicely rejected from that.

On 4H the price formed a dodji candle this morning, confirming the strength of the above-mentioned trend line.

Now I expect a bearish move.

First goal - 83.3

Note

Check my new analysis on GBPNZD:

GBPNZD: Trend Following Trading

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