CADJPY MULTIPLE CONFLUENCES TO GO SHORT
Price made a pullback from the initial break of the upward channel.
Price is now currently sitting at resistance and failed to break below the upward channel.
The Weekly candle closed as an indecision candle implying a change of direction in the coming weeks
The indecision candle is in confluence with the 50 Fibzone.
It is highly likely that CADJPY will be falling to support in the coming weeks.
Price is now currently sitting at resistance and failed to break below the upward channel.
The Weekly candle closed as an indecision candle implying a change of direction in the coming weeks
The indecision candle is in confluence with the 50 Fibzone.
It is highly likely that CADJPY will be falling to support in the coming weeks.
Trade active
Pullback for second entry
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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.