CADJPY is testing the 1D MA50 in the form of support on bearish 1D technicals (RSI = 42.279, MACD = -0.050, ADX = 56.167). A 1D candle close under the 1D MA50 signifies a validation of selling extension as after the rejection on R1, the long term support of the HL trendline broke.
We will sell this week's consolidation, which isn't just taking on the 1D MA50 but the S1 (104.120) as well, targeting initially the S2 (TP1 = 102.245) and then the S3 (TP2 = 99.350) assuming the 1D MA200 breaks.
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We will sell this week's consolidation, which isn't just taking on the 1D MA50 but the S1 (104.120) as well, targeting initially the S2 (TP1 = 102.245) and then the S3 (TP2 = 99.350) assuming the 1D MA200 breaks.
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## Comments and likes are greatly appreciated. ##
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.