Hey, Hey Hey! Welcome back to another week and another opportunity to be great. Below you'll find my chart analysis for CADJPY and why I believe it's going to short.
The major move for CJ is believed to be short for the following reasons:
-Price is at the upper extreme of a price channel
-At this extreme price has made lower highs and because of the number of bearish movements originating from the same area it is believed there is a lot of liquidity in the area
-Price is in a weakening secondary bullish trend with a primary bearish trend
I hope you find value in my analysis. Happy trading this week!
The major move for CJ is believed to be short for the following reasons:
-Price is at the upper extreme of a price channel
-At this extreme price has made lower highs and because of the number of bearish movements originating from the same area it is believed there is a lot of liquidity in the area
-Price is in a weakening secondary bullish trend with a primary bearish trend
I hope you find value in my analysis. Happy trading this week!