Sort Sell before a trend continuation CADJPY
Well, here is my thought about this pair!!
We are clearly in a up trend right now. from 82.100 we started the correction. so the next level will be 81.600, which is the .68 fib and lining up we a congestion zone.from there the next level will be 82.200, 82.800 and 83.000. If we don't see any weakness at the .68 level, we then expect a full correction to the 81.350, which will be properly touching the trend line and from there looking to those higher levels. RSI indicator tell us that the up trend is still valid because during his run to the upside the MA went into the oversold region.
We are clearly in a up trend right now. from 82.100 we started the correction. so the next level will be 81.600, which is the .68 fib and lining up we a congestion zone.from there the next level will be 82.200, 82.800 and 83.000. If we don't see any weakness at the .68 level, we then expect a full correction to the 81.350, which will be properly touching the trend line and from there looking to those higher levels. RSI indicator tell us that the up trend is still valid because during his run to the upside the MA went into the oversold region.