CADJPY Short
CADJPY has most recently broken the ascending trend-line of a higher time-frame ascending channel. After the break of structure, the market has created a bear flag which is ascending in a corrective manner. With that said, the market is at a level of support and previously acted as resistance. On the 1 hour time-frame we can see a double top formation which indicates a bear market ensuing.
Should you wish to enter this market, use your own discretion, and analysis.
Should you wish to enter this market, use your own discretion, and analysis.
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.