By looking at the daily chart, I came up with two possible long setups with the first one very close to the current price.
First entry zone
A bit aggressive. I will pay close attention to it.
Second entry zone
This one is more comfortable from my side.
CAD is a commodity currency which correlates with crude oil. JPY is a safe-haven asset. Normally investors tend to flood into the currency against the backdrop of uncertainty. Now, news pertaining to vaccine is good. US election is done. The recent 2nd or 3rd wave of covid-19 loom the future economy, other factors seems favor the currency pair.
So let's see!
First entry zone
A bit aggressive. I will pay close attention to it.
Second entry zone
This one is more comfortable from my side.
CAD is a commodity currency which correlates with crude oil. JPY is a safe-haven asset. Normally investors tend to flood into the currency against the backdrop of uncertainty. Now, news pertaining to vaccine is good. US election is done. The recent 2nd or 3rd wave of covid-19 loom the future economy, other factors seems favor the currency pair.
So let's see!
Order cancelled:
It didn't give me the chance to trade. So, I just passed it.
plan your trade and trade your plan