Lingrid

Lingrid | CADJPY building DIVERGENCE at RESISTANCE zone

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FX:CADJPY   加元 / 日圓
The market broke through the descending channel, and now the price is heading towards the main resistance at 100.000. Price action is losing momentum and it formed big divergence at the resistance zone. I expect the price to spike up and form a fake breakout of the level, then go short if the market gives a signal. My goal is around support level at 97.500.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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