CADJPY Short 4H chart
Hi traders,
We are going to wait for a break of the trendline after a triple top has been created with a final exhaustion move. After the price, I suggest going short with half position as I'd like to wait for a break of the strong zone that has been drawn with a light blue rectangle. Once this is broken with a momentum candle, I will go short.
There was a long uptrend before so I suspect a strong push to the downside after the price has consolidated for a longer time.
As always, please be patient and wait for confirmation!
We are going to wait for a break of the trendline after a triple top has been created with a final exhaustion move. After the price, I suggest going short with half position as I'd like to wait for a break of the strong zone that has been drawn with a light blue rectangle. Once this is broken with a momentum candle, I will go short.
There was a long uptrend before so I suspect a strong push to the downside after the price has consolidated for a longer time.
As always, please be patient and wait for confirmation!
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