Captain_Maj

Looking for FOLLOW THROUGH on CAD pairs

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Majority of FX cross pairs have similar formations - but especially w/ CAD pairs the levels are very clear - Watching CADCHF closely as we open this week at the top of last weeks range and at the highs of last month - EURCAD held the neckline break & we saw nice follow through last week so lets see if a similar move plays out on the CADCHF - Use overnight lows as bias levels - CADJPY is also starting the month near major resistance w/ nice lower ~TF buildup forming - a break higher should get follow through as we slowly test possibility of moving back to the highs. USDCAD is testing neckline of a possible H&S formation which is part of a larger buildup - so depending on how DXY plays out - this should break soon.

Watching how it plays out!!

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.