CADJPY - Double top
CADJPY formed a double top on DAILY timeframe and RSI show a bearish divergence.
Weekly timeframe show downtrend and now currently on fibo zone retration.
JPY futures stands on support so far.
A breakdown below current support should trigger a good short position targeting weekly lows, S.L should be placed previous high.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Weekly timeframe show downtrend and now currently on fibo zone retration.
JPY futures stands on support so far.
A breakdown below current support should trigger a good short position targeting weekly lows, S.L should be placed previous high.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Note
Price failed to break the current low and therefore no trade opportunity
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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.
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.