Hi Traders,
CADJPY has been developing bearish price action recently as impulses & corrections have been forming over again. Looking at the Global situation between Russia and Ukraine, safe haven currencies are strengthening which should push the price to lower boundary of the HTF structure around 89.50. I believe further down side to 87.50 is possible If we get a breakout and another continuation.
Follow your trading plan and risk management.
Good Luck!
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Share your view on this pair and leave a comment.
CADJPY has been developing bearish price action recently as impulses & corrections have been forming over again. Looking at the Global situation between Russia and Ukraine, safe haven currencies are strengthening which should push the price to lower boundary of the HTF structure around 89.50. I believe further down side to 87.50 is possible If we get a breakout and another continuation.
Follow your trading plan and risk management.
Good Luck!
Support me if this idea has helped you by clicking the like button.
Share your view on this pair and leave a comment.
