Hi guys,
on CADJPY we're facing a good level of structure on the daily timeframe: in that zone we can see we've an RSI divergence pointing in the short direction, together with a small 1hr double top and a 4hr engulfing candle. Short with stops above the highs and targets as shown.
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!
on CADJPY we're facing a good level of structure on the daily timeframe: in that zone we can see we've an RSI divergence pointing in the short direction, together with a small 1hr double top and a 4hr engulfing candle. Short with stops above the highs and targets as shown.
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!