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CADJPY is sitting around a daily resistance in red so we will be looking for sell setups.
on M30: CADJPY is forming a double top pattern but the setup is not ready to go yet.
Before we sell, we need the bears to take control.
Trigger => Waiting for a momentum candle close below the gray neckline to sell.
Until the sell is activated, CADJPY would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADJPY is sitting around a daily resistance in red so we will be looking for sell setups.
on M30: CADJPY is forming a double top pattern but the setup is not ready to go yet.
Before we sell, we need the bears to take control.
Trigger => Waiting for a momentum candle close below the gray neckline to sell.
Until the sell is activated, CADJPY would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT