Sunday, December 22, 2024

CADJPY try to consolidate at the higher high area of the Ascending channel which leads to -725 Points
1 mins well spent

CADJPY Analysis:

CADJPY is falling from the higher high area of the Ascending channel in the 4-hour timeframe chart.

After the confirmation of the Downward movement, CADJPY Sell signal given.

CADJPY Update

CADJPY consoidating the higher high which leads to SL price

CADJPY is trying to consolidate at the higher high area of Ascending channel which leads to the SL price. However, CADJPY is consolidating in a range now. CADJPY went near to T1 of +400 points, but has rebounded back for consolidation. CADJPY can move up and down between the consolidation zone of support and resistance areas for now.


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