CADJPY will fall
This instrument is currently riding in a bearish triangle and it is currently testing the trendline support. Stochastic being overbought added as another confirmation to be bearish.
Using the 15 min timeframe, I spotted a bearish box which made me more bearish on this pair.
We will be Reactive and not predictive still. We look for a breakout and only then, we can trade this nice short opportunity.
What do you think of this pair and my Insight?
Do well to Like and also follow for more ideas.
Using the 15 min timeframe, I spotted a bearish box which made me more bearish on this pair.
We will be Reactive and not predictive still. We look for a breakout and only then, we can trade this nice short opportunity.
What do you think of this pair and my Insight?
Do well to Like and also follow for more ideas.
Related publications
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.