CADJPY Short Longterm
CADJPY is currently in a large rising triangle structure on the 4hr chart.
Price has the potential to break out of structure. should this happen, we would be looking for bullish opportunities after a retest of previous resistance.
However I am currently bearish till this happens.
Watch for break of smaller rising support within triangle for short opportunities down to the larger rising support.
RSI is showing bearish diversion on the 4hr.
Price has the potential to break out of structure. should this happen, we would be looking for bullish opportunities after a retest of previous resistance.
However I am currently bearish till this happens.
Watch for break of smaller rising support within triangle for short opportunities down to the larger rising support.
RSI is showing bearish diversion on the 4hr.
Let the algo show you its hand.
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