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Canadian Dollar / Japanese Yen
Short
Updated

CAD / JPY 4H - SHORT position is favoured

45
Reason: RSI divergence quite strong. Return to the median line app 88.500 should be the target. Go to lower time frame of 15M and see H&S pattern for reversal but watch for retest of neckline before entering short position. Enjoy.
Note
Now we have on 1h chart a shooting star and a hanging man near. Both are bearish patterns. This pair should collapse soon..
Rick_69ro
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Chart Patterns

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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 Patterns
Rick_69ro
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.