CADJPY: Multiple Timeframe Analysis, Double Top and Rising Wedge

2023년 3월 9일

Hello Fellow Global Forex Trader, Here's a Technical outlook for CADJPY!

Price Action Analysis
On the Daily Timeframe, CADJPY is moving below EMA200. Then, the Pair retested the previous neckline of the double-top and formed a rising wedge pattern, indicating a possible downside movement. The MACD Indicator made a death cross, signifying a potential downside movement to the target area.

On the H4 Timeframe, CADJPY also created a breakout of the double top pattern, confirming the bearish scenario ahead.

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/ resistance area.

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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CADJPY"

2023년 3월 9일

노트

2023년 3월 13일

노트

Falling Wedge on JPYBASKET, Indication of Bearish Momentum for CADJPY

2023년 3월 13일

거래청산: 타겟 닿음

Done Target 1, Second Target Here We go?

2023년 3월 24일

거래청산: 타겟 닿음

Done Target 2, See ya in the next roadmap!