CAD/JPY | Potential Downward Movement 🔨
Technical Analysis:
The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target profit.
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Trade Idea:
Sell Limit Order @ 87.96
Take Profit @ 87.13
Stop Loss @ 88.23
Trade Safely 🙂
The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target profit.
-------------------------------------------------------------------------------------
Trade Idea:
Sell Limit Order @ 87.96
Take Profit @ 87.13
Stop Loss @ 88.23
Trade Safely 🙂
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đź—Ł Our Website :
forexrobotnation.com/
📡 Our Youtube Channel :
youtube.com/c/tradewithpat
✔️ Our TikTok
tiktok.com/@tradewithpat
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