In CADJPY we might see a correction, but we have to keep in mind CADJPY is bullish these days.
We reached critical resistance support and resistance zone which is also our 0.786 fib level.
Now its time to see if our zone will hold or not.
We also see a bearish rsi divergence which is a sign for a possible reversal.
Risk reward ratio is also great.
We reached critical resistance support and resistance zone which is also our 0.786 fib level.
Now its time to see if our zone will hold or not.
We also see a bearish rsi divergence which is a sign for a possible reversal.
Risk reward ratio is also great.
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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.