This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
CADJPY is in a major support/resistance zone. Although there is room for further up movement, the risk:reward is not preferable for me. As we approach the resistance I will look for confirmation to short this pair with a long-term potential for 500 pips. This research is for informational purposes and should not be construed as personal advice. Trading any...
As this pair has closed with a bearish candle, this pair is still on consolidation mode just right at the monthly's inverse Head & Shoulders. Despite the bullish stance the Japanese Yen is delivering to the market in addition to the bearish stance Crude Oil is giving, the Loonie-Yen pair is still able to maintain its consolidation mode. Whatever path it takes,...
As shown on the graph representation, the CADJPY monthly time frame has formed an inverse H&S... and it is currently hovering at the neckline of the monthly inverse H&S! It's gonna be tough... but it's going to be interesting! I currently have long CADJPY as seen on my previous analysis.
Good Even Traders, bringing you another free signal from the pip factory that I'm working at. Tonight, CADJPY continues it's uptrend with an anticipated 75 pip gain to the upside as it finds support at the 89.00 price level. For those who follow Quarters Theory, we have a rejection at the 87.500 Large quarter (or half point), with price soaring past the 125 pip...
After the strong upward move, CADJPY has to retrace ,So shorting now would be the best move right now but for short Tps thanks.