CADJPY analysis

CADJPY 

The price pivot zone of 82.00 held back buyers. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals an overbought condition. 5 EMA crossed the 22 EMA moving downward, after that the price returned to the range of moving averages.

The ascending H2 level pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages directed downwards. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals an overbought condition.

CADJPY rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated H2 level pattern.

Stop Loss: beyond the local maximum of the H2 level pattern.

Target levels: 80.20 (specialist trap); 79.38 (138.2% Fibonacci from A H8)