CADJPY retraced as expected from my previous analysis.
Price is testing the 0.5 fibonacci retracement level.
RSI is printing a bearish divergence signal.
Potential downtrend continuation.
Sell entry ⬇️ - breakdown below the previous swing low.
Target 🎯 - downtrend swing low, major support level.
Price is testing the 0.5 fibonacci retracement level.
RSI is printing a bearish divergence signal.
Potential downtrend continuation.
Sell entry ⬇️ - breakdown below the previous swing low.
Target 🎯 - downtrend swing low, major support level.
