CADJPY Sell Idea
W1 - Price approaching a very strong resistance.
D1 - Triple Magnet zone from multiple cycles making this level extremely good resistance and we can expect the price to react very strong from it. And also divergence is being re-created again at the moment.
H4 - Strong bearish pressure on the H4 chart as well
Once we get a reversal pattern we can start looking for sells.
It is important to not just sell but always wait for a reversal signs.
If you are not sure how and when exactly to enter you may use: Crystal Ball and Forex Libra Code as well as sRs and Forex Triple B later on once the down trend is confirmed.
First Target - 0.78
Final Target - 0.7650
D1 - Triple Magnet zone from multiple cycles making this level extremely good resistance and we can expect the price to react very strong from it. And also divergence is being re-created again at the moment.
H4 - Strong bearish pressure on the H4 chart as well
Once we get a reversal pattern we can start looking for sells.
It is important to not just sell but always wait for a reversal signs.
If you are not sure how and when exactly to enter you may use: Crystal Ball and Forex Libra Code as well as sRs and Forex Triple B later on once the down trend is confirmed.
First Target - 0.78
Final Target - 0.7650
כתב ויתור
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