laikos

Potential Short on Retest CADJPY

Short
laikos Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Fundamental:
  • CAD is having short-term weakness due to slow NAFTA progress
  • Weak economic data gives CAD weakness despite the BOC tightening

Technical:
  • Range break, will be retest, take opportunity of spike result from BOC Poloz speech to hit the sell limit
  • D1 trend is on a downward channel.
Trade closed: stop reached:
Hit SL due to CAD news release
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