CADJPY WAITING FOR A SELL ENTRY ON D1
Downtrend
Waiting for a sell signal => SELL
There were already two daily red candles and another is forming.
Maybe the tweezer top is forming.
First entry around 82.7x or wait for a close of daily candle.
Target: 0.817x or lower
Stoploss: 83.3. We will adjust the stop after the pattern is complete.
Waiting for a sell signal => SELL
There were already two daily red candles and another is forming.
Maybe the tweezer top is forming.
First entry around 82.7x or wait for a close of daily candle.
Target: 0.817x or lower
Stoploss: 83.3. We will adjust the stop after the pattern is complete.
Note
The tweezer top is needed to be confirmed by breaking 82.1 shortly. Otherwise, it will expose 84.1.
My view is still bearish for this pair and keep selling.
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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.