FullTimeTrader
Short

CADJPY-changing the trend

FX:CADJPY   Canadian Dollar/Japanese Yen
224 4 2
From my point of view this pair is on a clear trend change and started making a sequence of LH,LL.
Now is bouncing from the downward trendline .
We have also a fib overlapping at this area.
Best regards.
I think there's no trend...the support below is dangerous.
I tried shorting it before, but crude rallying hurt my position.
Right now, I see a possibility of crude and cad regaining strength, at the same time as the Nikkei drops...a bit of conflicting information for a short.
Let's see how it pans out though.
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I agree with Ivan. Market is in consolidation with conflicting forces . I will sit on the sidelines or trade small
snapshot
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alex.a IvanLabrie
If Iran sanctions are off, then oil price will go down further. What do you think? I think it will change ?? That's why I looked again ~
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HexVex alex.a
Iran's production won't come online for 2-4 years they say. Their hardware is 60's & 70's and will need an overhaul. Say its 16 months by some miracle. Washington wants to keep the screws on Russia and the Saudis want their market cap.
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