This is 21h15 GMT – I see Loony weaken after oil inventories today. Formed a double top – and dropped. I will look for a pull back now to the DPP and then look to enter a sell trade. Will look for confirmation from Stoch and candle. Please tell me if you think a sell trade at that is too late?
2 thoughts on “CAD JPY – Bear Setup”
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Hi Zelda
Thanx. Note the negative stochastic divergence as well.
rgds
Thank you very much – i will. New to forex, so any comments would be great.