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gdf_fx
Aug 9, 2016 7:01 PM

CADJPY BEARS IN PLAY Short

Canadian Dollar/Japanese YenFXCM

Description

See this pair reaching down to 72 meaning lots of opportunities to get on board intraday.

swing trading wise i would say that there is no safe entry left to hold,

after the beak of consolidation around R1 there was a great sell offered from the sharp fast move into the level to retest around 88.7

Pressure on oil can weaken the cad and make this a more appealing trade as we see a continuation of the downward move towards support.

lines up well with my other yen ideas
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