Good Day :) Hope everybody is having a great trading week so far (That's if you've been following my analysis) wink*
Technical Analysis: CAD/JPY
Bias: Bearish - On the 1-hour timeframe price action is moving in a bearish channel (Solid line). Price action is currently at the resistance zone. We will wait for price action to break the ascending trendline (Dotted Line). Once price action breaks the ascending trendline we will look for sell entry.
Please don't forget to smash that like button & share if you've benefited in anyway from this post.
Trade safe & have a great trading week :)
Technical Analysis: CAD/JPY
Bias: Bearish - On the 1-hour timeframe price action is moving in a bearish channel (Solid line). Price action is currently at the resistance zone. We will wait for price action to break the ascending trendline (Dotted Line). Once price action breaks the ascending trendline we will look for sell entry.
Please don't forget to smash that like button & share if you've benefited in anyway from this post.
Trade safe & have a great trading week :)