chart_artistry

POTENTIAL SELLS HERE ON CADJPY

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
I see higher time frames such as the daily and the 4hr are turning bearish and respecting bearish order flow. My analysis for this trade is based on the 4 hour which is making lower highs and lower lows. After a break of the low the price has come back to the supply area and on lower time frames showing the price is ready to break down. We also have a wedge pattern that has been broken. I believe a new low is going to be printed on the 4hr but will take time to make its way down. Nice potential for a good rr trade. Can be a good swing trade or intraday.
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.