CADJPY, double top major trend reversal.
CADJPY/1D
Hello traders, welcome back to another market breakdown.
CADJPY has been trading in a bullish trend. However, the price has been reversing as expected on the weekly time frame.
This idea is an update of my previous idea on this pair. I have mentioned that this pair might have a major trend reversal on the monthly time frame. The price has broken the trend-line now and the neckline after a double top. That's an indication of more lower prices to see.
Checkout the chart for what I'm waiting for a swing trade.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakdown.
CADJPY has been trading in a bullish trend. However, the price has been reversing as expected on the weekly time frame.
This idea is an update of my previous idea on this pair. I have mentioned that this pair might have a major trend reversal on the monthly time frame. The price has broken the trend-line now and the neckline after a double top. That's an indication of more lower prices to see.
Checkout the chart for what I'm waiting for a swing trade.
Trade safe,
Trader Leo.
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