Emmanuel-Abolaji

Could CADJPY Sellers beat buyers?

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Emmanuel-Abolaji 已更新   
FX:CADJPY   加元/日元
Price action from Friday session shows a bearish pin bar candle at a resistance.

Guess what?

The price action signal has not been confirmed by volume. So why take the trade?

On 1hr time frame, you will notice a supposed double top price action pattern at resistance but this pattern is confirmed only when there is a break of the neck line.

I'll be looking for a 1hr close at the neck line before considering joining the sellers.
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