CAD/JPY into the drop of BAT bearishIn this technical analysis, CAD/JPY it's seem to going to find down the zone of 0.382% of Fibonacci or 0.618% of Fibonacci and that it's a good proyectio nto make a short position, because if you see any indicators, we have a bearish divergence on there, in MACD is the same situation like the RSI, both it's show me a possible sell moment for this par, So, I make a sell order limitat 78.40. So, the cuestion is to hope to activate my sell.
Also. other theory it's show me is taht we are in the lliot wave cycle and we came of the number 3 elliot wave finished, and we can to going to find down the number 4 elliot waves and then continue to finish this cycle. This is a fundamental to take in see. An also, we broke up the bearish channel that it's show us in the Daily timeframe.
So, you can to zoom in or zoom out if you want my technical analysis, also I add a perfect screenshoot below.
If you see, we are in this rising wedge, but out of there, we are into the bearish channel descendent, and the price action it's seem that want to going to up the price that I add another screenshoot below.
So, this is all for my technical analysis. So, this is my lastest operation that I make in the week, and I hoping that USDJPY and CADJPY is accomplish my expectative what make in my mind.
