CADJPY GROW in pattern
As I expected in my previous analysis, the price did not have the strength to break through the strong resistance line that has existed since 2015.
Therefore, the price fell to the support line and now we can see that it is ready to rise.
Now the price is in the Wedge pattern, between the intersecting support and resistance lines. The first touch of the resistance line was back in February this year.
This pattern is characterized by "price decay" - smaller fluctuations between the lines.
Therefore, now I expect the price to rise to a strong point of resistance - at the intersection of two lines - 80.331.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Therefore, the price fell to the support line and now we can see that it is ready to rise.
Now the price is in the Wedge pattern, between the intersecting support and resistance lines. The first touch of the resistance line was back in February this year.
This pattern is characterized by "price decay" - smaller fluctuations between the lines.
Therefore, now I expect the price to rise to a strong point of resistance - at the intersection of two lines - 80.331.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.