CADJPY: Broadening wedge pattern with 60 min falling wedge
Updated
Sell opportunity. Broadening wedge pattern with 60 min falling wedge inside.
Price is loosing momentum. The first target is the trend line near 83 price zone and the second TP2 near 81.41
Good Luck!
Price is loosing momentum. The first target is the trend line near 83 price zone and the second TP2 near 81.41
Good Luck!
Note
Reasons for the downside move:1.Doji candle on Daily chart
2.Doji candle was created after testing 200 EMA
3.Fib.Ret 61.8 and 200 EMA created a strong resistance zone
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