christrader88

cad/jpy OFFERS 3-1 RISK TO REWARD

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
The 4 hour offers to opportunity to await a swing low, on the stochastic, the MACD confirms a continuation of the trend.

On the right the 1 hour shows an inside candle formation, which is bullish. The resistance area of 91.60 gives us our target.

Chris

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.