CADJPY Sell on Break of Multi-Structure

2020-01-10 03:17:16

Price has completed a five wave move to the upside and we are looking for early reversal price action. We already have RSI divergence present on the last two highs, a long term resistance trendline and a rising wedge pattern yet to be broken. Entries could be taken on the immediate break or wait for a pullback for more conservative entries.