⚠️ CADJPY drop in several stages
The price moves into a descending channel starting from June 2020.
The last touch of the channel resistance line took place in March 80.08.
The price fell to support (additional line inside the channel) at 85.53.
And again grew to resistance.
I expect the price to be:
1 - touches the resistance 89.74.
2 - it will start to fall but will work out the correction in the area of 88.18.
3 - will come to the support line.
The target is 86.35.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The last touch of the channel resistance line took place in March 80.08.
The price fell to support (additional line inside the channel) at 85.53.
And again grew to resistance.
I expect the price to be:
1 - touches the resistance 89.74.
2 - it will start to fall but will work out the correction in the area of 88.18.
3 - will come to the support line.
The target is 86.35.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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