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AlkalineFX

CADJPY - Follow Along

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
AlkalineFX  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Fundamental Analysis CADJPY cadjpyshort Technical Analysis structure priceaction
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trendanalysis harmonicpatterns fundamental cadjpy cadjpyshort technicalanalysis structure priceaction
Price has broken out of the ascending trend line on the daily time frame and is now respecting a new descending trend line on the lower time frames. If you pay attention closely you will see that price has been stepping down and respecting structure due to JPY strength kicking in. I would like to see one final touch of the descending hourly trend line followed by rejections before considering my sell position.

COT Data - 78% Long

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