In keeping with my CAD short bias for 2020 i have sold some CADJPY here. For me there is a level here at 83.80 plus the 50% fibo. I will start lightly in to this trade as there will be some optimisim in the market following the de escalation with iran. However, let's not forget we have yet to hear the reasoning behing the aircraft that crashed in Iran. Iran are withholding the data so ... who knows. I will be selling this pair all the way up to the big level of 85.20 which also coincides with the 76.4 fibo.
Check out why i want to be short CAD in my other anyalysis
Check out why i want to be short CAD in my other anyalysis
Trade closed: target reached
"Losing is the key to trading, winning is easy"