CADJPY Shortrest
Many confluences with this trade. Price has reached 89.5 and has since slowed down. The reason for this trade is major resistance line hit along with cloud resistance. RSi is pointing down as it is very overbought. Hope price will reach 88.5 then see how price reacts with the 61.8 FIB retracement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.