CADJPY Looking For Sell Setup Again

2021년 9월 15일

Hi traders:

Similar like few of the JPY pairs that I have posted, CADJPY is once again shaping up for the sell.

from my previous CADJPY analysis, the price did impulse down aggressively, , but did not continue further after hitting the lows.
Price then reverse up to correct into an ascending channel reversal.

This is an indication price is once again developing into another bearish price action,
and we can still expect the downside potential as the higher time frame point of view.

Latest development shows a clear impulse down follow by a pennant/triangle structure, can confirm the downside continuation.

Now that price has impulse down, wait for correction to form and complete to give us another possible entry to the downside.

Thank you

2021년 9월 15일

노트

Higher Time Frame:

2021년 9월 17일

노트

Price finally form the bearish correction that I was waiting for.

2021년 9월 20일

노트

Watch for further bearish continuation price action

2021년 9월 20일

노트

Further downside to break the lows if bearish correction form and complete

2021년 9월 21일

노트