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Tarvin_The_Trader
7. Febr. 2018 17:04

CADJPY Short

Canadian Dollar/Japanese YenFXCM

Beschreibung

the market is currently testing the weekly uptrendline on this pair. Whether it will lead to a bounce or break remains a mystery. However, price have been rejected, in the most recent price action, twice at the resistance zone around the 91.600 region. This formed a very firm neckline between 86.760 - 86.100 region. This is clearly visible on the weekly timeframe. You' also notice a double top.

The SHS pattern has painted and the neckline has been broken. The price doesn'y seem to bother to retest the neckline to collect more orders. Observing a continuation pattern would help to jump in and ride the trend.

The analysis actually says alot more than I can be able to say.
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