+【12/7 CADJPY Canadian Yen】(43)+ 100 pips exceeded
12/7 CADJPY Canadian Yen
From entry to settlement.
The moving averages and other notations shown are summarized in the following article ↓
https://www.gogojungle.co.jp/finance/navi/articles/63093
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As for the market environment,
Weekly chart: will it break below the flat-moving averages that have formed? They have repeated rebounds and key levels are aligning.
Daily chart: from a cycle perspective, there is a possibility of a left shoulder at the third MC and the 13th bar. Will it break the starting point by making a lower high?
4-hour chart: even at the 31st bar of the 4-hour cycle, there is still room for further decline, so will it break the starting point?
Also, the price is pushed down by wicks against the moving averages, so if the lower timeframe breaks down, the pullback selling may intensify.
1-hour chart: a neckline break of the three-peak pattern at the white zone suggests a decline.
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Entry screen ↓