EUR/CAD 4H Chart: Descending Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 25, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY 4H Chart: Double Top Comment: There are good reasons to believe that USD/JPY is bearish that and we should expect a strong sell-off. The currency pair has formed a double top pattern, and most of the four-hour and weekly technical indicators are pointing south. The decline will be confirmed once support at 122.20/08 is broken, and in this case the first target will be the 200-period SMA and weekly S2 at 121.40. If the latter support proves insufficient to negate the downward momentum,

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