Strong bearish movement on CADJPY

מעודכן
The price has been broke the daily rising wedge and retest the break out as well as showing divergence. Now the price has been expected to move downside to the support area. We will look for break out of the current bearish correction to confirm the idea.
Will update the idea as soon as it breaks.
הערה
Price has been shown the reversal as expected to the hourly chart.
As explained, we are waiting for bearish corrective structure and the break out to enter the position.
Will update the idea accordingly.
הערה
An idea has been posted regarding to this analysis with trade details.
Short Possition on CADJPY according to the previous analysis
Chart PatternsTechnical IndicatorsTrend Analysis

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