Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
CADJPY False breakout, Look for bearish reversal
Canadian Dollar / Japanese Yen
Short
CADJPY False breakout, Look for bearish reversal
By jojofang0901
Follow
Follow
Updated
Feb 26, 2021
2
0
Cheer
Cheer
32
32
Feb 26, 2021
Hi everyone:
Similar like AUDJPY, we are seeing similar price action here on CADJPY.
Price made a false breakout of the HTF double tops area, and quickly reverse impulse down.
This is a good indication of the market trapping buyers, and we can expect the next bearish push down from the price.
Look for any LTF corrections to get in on this bearish reversal from the top.
Thank you
Feb 26, 2021
Comment
Feb 27, 2021
Comment
Mar 3, 2021
Comment
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
Follow
Also on:
Related publications
EURNZD Time for bullish reversal
by jojofang0901
Published
USDMXN Look for bullish continuation
by jojofang0901
Published
USDCAD Reversal Is Imminent
by jojofang0901
Published
AUDJPY failed to break higher, look for bearish reversal
by jojofang0901
Published
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
.