加元 / 日圓看空
CADJPY
CADJPY has been forming a rising wedge pattern. I see two main possibilities for the price to go next week.
First and most favorable is for price to respect the level of support it just broke (Now resistance) and also respect the rising trendline and for price to fall form here breaking through the 200 EMA to test the bottom of the wedge. We also have divergence on the MACD.
Second is price can respect the 200 EMA and the main structure and move back to the top of the wedge.
First and most favorable is for price to respect the level of support it just broke (Now resistance) and also respect the rising trendline and for price to fall form here breaking through the 200 EMA to test the bottom of the wedge. We also have divergence on the MACD.
Second is price can respect the 200 EMA and the main structure and move back to the top of the wedge.
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