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CAD/JPY SHORT FROM RESISTANCE

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Dólar Canadense/Iene Japonês (FX:CADJPY)  
EliteTradingSignals Atualizado   
FX:CADJPY   Dólar Canadense/Iene Japonês
Trend Analysis Chart Patterns Wave Analysis CADJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis cadjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 109.775 area.

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Comentário:
I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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