Once we have a confirmation there is a great short oportunity. This is only valid with confirmations of short direction.
Price is testing the trendline and respecting the fibonacci golden zone, wich can be a nice short trade for the week
Very strong resistance zone and trendline. We most likely will see the price rejecting this area and exploding for the down side
We are having a nice supportive zone wich the price is respecting after the trend breakout. We can now expect a correction fo the next days.
A bullish confirmation at the begining of the week can make this pair a good buy oportunity. We are currently rejecting at the support zone after hiting the trendline
Expecting a continuation of the bearish momentum for CADJPY after rejecting the trendline at the top and breaking down the support
After rejecting the trend line with a strong bearish momentum, we can now expect more bearish momentum for the next week.
After and only after some bullish confirmation at the start of the week, we can expect a reversal of this pair for the bullish side. We have a clean head and shoulders and a clean correction.