CAD/JPY Break Down - Clear Ascending Wedge Rejection
(Meant to say bearish rising wedge in the chart)
The bearish rising wedge broke down but bounced up into the bottom resistance of the wedge
and hit the key resistance of the bearish falling triangle. One should assume a short play here
Use a Tight stop loss, there's potential it can break bullish
The bearish rising wedge broke down but bounced up into the bottom resistance of the wedge
and hit the key resistance of the bearish falling triangle. One should assume a short play here
Use a Tight stop loss, there's potential it can break bullish