Trading Idea for a Short on CADJPY
The pair just completed two harmonics (Bearish Butterfly and Bearish Deep Bat) d where Price is currently at supply zone. Bearish exaggerated divergence is obvious at the oversold condition of the RSI. Also using multi-time frame analysis (HI), more reversal signals including regular divergence is obvious. Taking a short @ current price or pending order @ 83.269, sl @ 83.911 and tp @ 82.203 will be ideal.
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.