CADJPY - Weekly outlook
*Just for my own journal*
8hr doji
4h doji
Daily Bearish Hammer
heavy resistance via broken ascending line and current descending trendline
heavy bi monthly support area which is the reason for the doji's forming, indecision on what to do
must break heavy support to trail down to Bi monthly 78.6 FIB level.
upside potential
See bullish momentum and price action upwards and reversals to break descending trendline to approach top level resistance
8hr doji
4h doji
Daily Bearish Hammer
heavy resistance via broken ascending line and current descending trendline
heavy bi monthly support area which is the reason for the doji's forming, indecision on what to do
must break heavy support to trail down to Bi monthly 78.6 FIB level.
upside potential
See bullish momentum and price action upwards and reversals to break descending trendline to approach top level resistance
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.