12-07-2022 _ Short Term Bearish Idea _ CADJPY H1
1- Price action has bounced from the top of the range.
2- Bearish Divergence followed by Convergence.
3- This presents a typical scenario and suggests consolidation / pullback followed by further continuation to the downside.
4- Currently it looks like a pullback is happening.
The idea is invalidated if the price action moves above the last LH.
Therefore, as long as the two-support zone holds my view remains Bearish.
Target 1 @ 104.820
Target 2 @ 104.255
Stoploss @ 106.000
2- Bearish Divergence followed by Convergence.
3- This presents a typical scenario and suggests consolidation / pullback followed by further continuation to the downside.
4- Currently it looks like a pullback is happening.
The idea is invalidated if the price action moves above the last LH.
Therefore, as long as the two-support zone holds my view remains Bearish.
Target 1 @ 104.820
Target 2 @ 104.255
Stoploss @ 106.000
Note
Invalidated
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.