CADJPY is going up in abc formation. When this pair moves, it moves fast.
Past 10 months' pattern looks very similar to Dec 2014 ~ July 2015, only inverted.
So if history repeats itself, our best strategy is to wait for a dip near 85, then open a long trade targeting 94.
Great risk/reward ratio = 5.
Happy trading!
Past 10 months' pattern looks very similar to Dec 2014 ~ July 2015, only inverted.
So if history repeats itself, our best strategy is to wait for a dip near 85, then open a long trade targeting 94.
Great risk/reward ratio = 5.
Happy trading!
