CADJPY - Potential retracement ðž
CADJPY rejected the major resistance level and brokedown below the trendline support.
Price is approaching the minor support level.
RSI is printing a bullish divergence signal.
The market is printing a falling wedge pattern.
Buy entry - breakout above the falling wedge resistance + previous swing high.
Target - fibonacci retracement levels.
Price is approaching the minor support level.
RSI is printing a bullish divergence signal.
The market is printing a falling wedge pattern.
Buy entry - breakout above the falling wedge resistance + previous swing high.
Target - fibonacci retracement levels.
