CADJPY Short
We have price on the daily forming a lower low and a lower high, price comes back up to form a double top, and again makes a move to the downside, looking for further downside movement.
Confluences
Double top
Break of trend line
Daily lower low
Break of daily and 4 hourly 50ma
Awaiting 4 hour close
Confluences
Double top
Break of trend line
Daily lower low
Break of daily and 4 hourly 50ma
Awaiting 4 hour close
Note
still not active trade, waiting for price to break support at 79.474
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.
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.