Mihai_Iacob

CadJpy- Has it topped?

Satış
FX:CADJPY   Kanada Doları / Japon Yeni
Since mid-march, CadJpy has had an impressive rally, with the pair gaining 1500 pips in only 3 months.
A steep 500 pips correction followed the top consolidation and after this, the pair resumed its up move.
However, looking at recent price action we can see that the pair is struggling and the last 4 attempts to reconquer 108 failed.
At this moment the possibility of a lower high is probable and a new leg down could follow.
Confirmation for this comes with a break under recent trend line support but aggressive traders could look to sell rallies against the recent top. In such an instance, a 1:4 r:r could be achieved.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.