DeGRAM

CADJPY time to sell

Penjualan
FOREXCOM:CADJPY   Dollar Kanada / Yen Jepang
My previous charts came true: first, the price bounced off the support line (79.088) and began to rise.
Then it continued to grow in search of an entry point to open a trade.
Now it has come (and has already tried to break through) the resistance line 79.944.
It is important that two more pass along this line. Together they form a strong resistance zone. The oldest of the nearest lines is 2015.
Thus, the price is unlikely to rise.
I think it's time to open a sell trade. The entry point to the trade is 79.919.
SL - before reaching the second line of resistance - 80.602.
TP - support line - 78.501.

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