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Canadian Dollar / Japanese Yen
Short

CADJPY Clean Sell Setup

1548

Hello traders:

CADJPY is looking very nice for some short term bearish continuation sell.

We can see on the mid time frame, price has created a double tops, with a bearish reversal ascending channel correction.

Indeed price has impulse down from the correction, and now on the lower time frame, is consolidating.

This is a good sign we can see more downside move from the price. Wait for bearish correction to confirm the sell.

Thank you
jojofang0901
Also on:
Chart PatternscorrectionFlagimpulseParallel Channelpatternpriceactionstructure

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.
Chart PatternscorrectionFlagimpulseParallel Channelpatternpriceactionstructure
jojofang0901
Also on:

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.