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.
Nota
Price failed to break the current low and therefore no trade opportunity
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.