Forex_Trader21

CAD/JPy short trend continuation/ sideways correction

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OANDA:CADJPY   カナダドル/円
on a micro-scale, we can see how price broke a weekly support level and retesting it forming our new resistance while forming a sideways correction into a triangle. not long before breaking it and retesting that triangle as it touches the downward trendline aswell . notice how volume decreases on the retest telling us that big money is not interested in the upside. entry trigger was a 4hr bearish engulfing bar with high volume validating the move. macro-level I would want to see it go down to touch lower weekly levels that line up with the downard channel level. as always monitor PA
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