What I personally believe - we will 78.00 as a long term target. CAD JPYcurrently in a downtrend anyway. So all that we have for the last couple of weeks were the correction wave and I decided to take a short here.
The reasons for the short:
1) The global trend, local trend: DOWN
2) HUGE FAlse break of H4 trend line
3) H&S pattern on H1
4) Break of 200 EMA H4
The reasons for the short:
1) The global trend, local trend: DOWN
2) HUGE FAlse break of H4 trend line
3) H&S pattern on H1
4) Break of 200 EMA H4
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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.