Profound_Ambition

CADJPY H4

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FX:CADJPY   Dolar Kanada / Yen Jepun
Price has pulled back to previous support & rejected as new resistance, which could also be considered the double top neckline. Could also be the start of a new downtrend as price has now made a lower high, & can make a lower low next towards the major highlighted support region below.
Komen:
D1: Double top clear at the long term descending trendline also can be considered as an "M" Formation, & price has found resistance.
Komen:
Update: Nice reaction off resistance zone
Penafian

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