CADJPY Sell Idea
W1 - Bearish divergence and also we have a uptrend line, as long as there is no invalidation and bullish reversal signs we may expect the price to reach this uptrend line.
D1 - Price moving inside wedge pattern, false break at the top. We may now expect the price to move towards the crucial zone.
H4 - Price respecting the downtrend line.
There are two possible scenarios:
Scenario 1 - Flat range and continuation down
Scenario 2 - Double waves up towards the down trend line and then down.
D1 - Price moving inside wedge pattern, false break at the top. We may now expect the price to move towards the crucial zone.
H4 - Price respecting the downtrend line.
There are two possible scenarios:
Scenario 1 - Flat range and continuation down
Scenario 2 - Double waves up towards the down trend line and then down.
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