CADJPY, Monthly
Price hovering on the edge of the monthly triangle. This area is also strong support but for now, my bias is bearish.
CADJPY, Weekly
I really like how the bearish trendline from the monthly timeframe above meets perfectly with the weekly bearish trendline. I’m still bearish and although there could be a pullback I would need to see a break of my weekly trendline before I think about bullish moves.
CADJPY, Daily
So we can see the strength of the fall. We see a huge gap down after which the gap was closed with a pullback.
CADJPY, H4
Looking closer at the bearish move we see price has started to show some bullish movement. Let’s see which break we will get.
3 comments
Good analysis
Long time supporter, and thought I’d drop a comment.
Your wordpress site is very sleek – hope you don’t mind me asking what theme you’re using?
(and don’t mind if I steal it? :P)
I just launched my site –also built in wordpress like yours– but the theme slows (!) the site down quite a
bit.
In case you have a minute, you can find it by searching for “royal cbd” on Google (would appreciate any feedback) – it’s still in the
works.
Keep up the good work– and hope you all take care of yourself during the coronavirus scare!
Do you teach