My bias on CADJPY has change as we can see previous price action and price has failed to break the respected counter trend line on 3 previous occassions.
Failing to do so for the 4th time, could mean we could be seeing some potential upside on the pair
IF we break the respected trend line and retest it we then could see price head to the downside
Keeping my eyes on this pair
#JugFX
Failing to do so for the 4th time, could mean we could be seeing some potential upside on the pair
IF we break the respected trend line and retest it we then could see price head to the downside
Keeping my eyes on this pair
#JugFX
Comment:
Update on CADJPY as price has broken the counter trend line and looking on the lower time frames we can see price has retested against the trend line looking for some downside on this pair
Trade active:
CADJPY - as expected, price has made its move to the upside for around 50 + pips. On 4hr, price has reached my C target, before some bullyish momentum
I haven't got into this pair, but was intrigued as to where price would head next up
Look for a retest/flag/correction before entering
#JugFX
I haven't got into this pair, but was intrigued as to where price would head next up
Look for a retest/flag/correction before entering
#JugFX
