加元 / 日圓看空
CADJPY- lines and pattern
Hi guys!
I’m back with a new analysis on #CADJPY
There is a strong descending trendline in daily timeframe collides with a strong resistance of previous high prices which convinces me to go short. Also, the wave has fluctuated in a rising wedge , a well-known pattern for descending trend, so by breaking the wedge downward, we can enter the position!
hope it helps! let’s see!
I’m back with a new analysis on #CADJPY
There is a strong descending trendline in daily timeframe collides with a strong resistance of previous high prices which convinces me to go short. Also, the wave has fluctuated in a rising wedge , a well-known pattern for descending trend, so by breaking the wedge downward, we can enter the position!
hope it helps! let’s see!
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