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
Note
Note
Note
Related publications
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.
Related publications
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.