Friday 2 February 2018

CADJPY - heading toward a triple top

CADJPY in daily timeframe. Price is creating higher lows but failed to create a corresponding higher high in its last push upwards.

Price failed to cross the resistance level at 91.61 level. But the price is still above the 200 MA and the current candle is crossing above the 20 MA.

I'm planning for a buy at the close of the current candle above the 20 MA. I think for this I'll have to wait till next week.

Happy Trading.

No comments:

Post a Comment

Popular Posts

HotForex Bonus