CAD/JPY- Sell opportunity
Here is my full analysis von the CAD/JPY Pair:
-Monthly hit a Resistance.
-The 4H UTL was broken and retested before. After that we saw a sharp movement to the downside.
-After a 61.8 Fib retrace and a double top formed, traders had the possibility to re-enter the chart with a sell again.
-Now I am expecting more correction to the upside, since the RSI is oversold.
-I am looking for another sell and will wait as shown on the chart.
in Longterm we might see a price around 93.000
-Monthly hit a Resistance.
-The 4H UTL was broken and retested before. After that we saw a sharp movement to the downside.
-After a 61.8 Fib retrace and a double top formed, traders had the possibility to re-enter the chart with a sell again.
-Now I am expecting more correction to the upside, since the RSI is oversold.
-I am looking for another sell and will wait as shown on the chart.
in Longterm we might see a price around 93.000
Penafian
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