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EliteTradingSignals

CAD/JPY BEARS ARE STRONG HERE|SHORT

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Dolar Kanada / Yen Jepun (FX:CADJPY)  
EliteTradingSignals  
FX:CADJPY   Dolar Kanada / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis CADJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 108.711 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Penafian

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