15 min CAD JPY
Overall bias is bullish
Current bias is bearish as a LH after a neckline was created slightly above the 1 HR resistance zone.
Price has been moving inside a bullish pennant in the last few hours.
I’d like to see if price will find support on 0.50 fib level. it may just decide to reverse when it touches 1 HR resistance.
However there had been (wick) rejections from pushing up since few hours ago.
The fib level areas are the areas that have been broken and retested.
Also this pair has been going bullish since the last few weeks.
Overall bias is bullish
Current bias is bearish as a LH after a neckline was created slightly above the 1 HR resistance zone.
Price has been moving inside a bullish pennant in the last few hours.
I’d like to see if price will find support on 0.50 fib level. it may just decide to reverse when it touches 1 HR resistance.
However there had been (wick) rejections from pushing up since few hours ago.
The fib level areas are the areas that have been broken and retested.
Also this pair has been going bullish since the last few weeks.
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