Hey Guys,
This is a super nice short entry on CAD/JPY .
We have a strong confluence of :
- FIB 61.8 + Resistance zone
- Breakout & Retest of Daily parallel channel .
- Strong bearish momentum
- Nice trendline confluance
- SL protected by : STD Deviation, Fib, Bearish channel .
- Overbought @ 85% - Rejection confirmed
Good luck to All !
Note
All targets reached ! :)
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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.