CAD / JPY SHORT
Has formed 2 clear cycles on the daily and price is indicating a possible reversal on the lower timeframes. On the 4H a traintrack has formed off of the last daily lover low, the 50MA and also the fib level 0.382. The RSI is also point straight down. A strong indication of a bear run.
Target 1:
Just above the weekly trendline.
Entry:
E - 80.227
SL - 81.2
TP - 79.25
Target 1:
Just above the weekly trendline.
Entry:
E - 80.227
SL - 81.2
TP - 79.25
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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.