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Cadjpyanalysis

CADJPY shortPrice is below daily and weekly pivot. Break of bullish ascending channel structure and now creating lower lows and highs. 1hr + 4hr bearish engulfing candle rejection off the daily pivot. TP near demand zone. 4hr resistance level is respected. Rejection area at 0.382 fib signaling possible strong continuation move to the downside. ADX is trending and negative. Momentum is negative. Price is below all moving averages and fanning. Price is at the top of descending channel.
Short
by HARDCORETRADXR_84
6
CADJPY [SHORT]CADJPY In the market structure we clearly see price rejected many times from the very strong key level 104.60-70. On 8 Aug price break this level but bulls show weakness in the cadjpy and price again drop to 5 Aug low 103.34 key support area. Now price again come back to test again its level of resistance. What Next in CADJPY? Price is rejecting from its key zone of 104.60 and in short time frame 30 min Head & shoulder chart pattern formed and now price is its neckline also on 4h 200 Ema give very strong resistance and push price to downside now on the monday market open wait to break the market structure i mentioned with black line 104.40 than you go #short on #cadjpy. ENTRY ON BOS. 104.40 TAKE PROFIT 104.12 TAKE PROFIT 104.40 STOP LOSS 104.75
Short
by naumanfx_