CAD/JPY approaching resistance, prepare for a reversal
November 5, 2018 7:21 am
CADJPY is approaching its resistance at 86.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to the support at 85.76 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
CADJPY is approaching its resistance where we expect to see a reversal.
Sell below 86.67. Stop loss is located at 87.49 and take profit is at 85.76.
The material has been provided by InstaForex Company – www.instaforex.com
CADJPY is approaching its resistance at 86.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to the support at 85.76 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
CADJPY is approaching its resistance where we expect to see a reversal.
Sell below 86.67. Stop loss is located at 87.49 and take profit is at 85.76.
The material has been provided by InstaForex Company – www.instaforex.com
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