CADJPY: Bearish Setup Explained 🇨🇦🇯🇵
https://www.tradingview.com/x/juye7TlR/
CADJPY is trading in a rising wedge pattern on 4H.
And I guess you would agree with me that the pair looks quite overbought.
As a confirmation, I spotted a head and shoulders pattern on 1H time frame
with a confirmed neckline breakout.
We already shorted the pair with my students.
A bearish move is expected at least to the support of the wedge.
❤️Please, support my work with like, thank you!❤️
CADJPY is trading in a rising wedge pattern on 4H.
And I guess you would agree with me that the pair looks quite overbought.
As a confirmation, I spotted a head and shoulders pattern on 1H time frame
with a confirmed neckline breakout.
We already shorted the pair with my students.
A bearish move is expected at least to the support of the wedge.
❤️Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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.