CADJPY: Bearish Setup Explained 🇨🇦🇯🇵

26 ביוני 2023

https://www.tradingview.com/x/juye7TlR/

CADJPY is trading in a rising wedge pattern on 4H.
And I guess you would agree with me that the pair looks quite overbought.
As a confirmation, I spotted a head and shoulders pattern on 1H time frame
with a confirmed neckline breakout.

We already shorted the pair with my students.
A bearish move is expected at least to the support of the wedge.

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