💡Don't miss the great sell opportunity in CADJPY

2 Jun 2022

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (102.760).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. CADJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.

Take Profits:
TP1= @ 102.150
TP2= @ 101.830
TP3= @ 101.520
TP4= @ 101.140
TP5= @ 100.670

SL: Break Above R2

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