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BorisMisale
Dec 20, 2016 7:21 PM

CADJPY 2618 trade Short

Canadian Dollar/Japanese YenFXCM

Description

CADJPY now at PRZ after the double top pullback on the major resistance

Comment

Target 1 reached +100 pips

Comment

Up to 150 pips now
Comments
Trader_Dale
Thanks for your analysis!
Here is my view on CAD/JPY if you are interested:

Based on Market Profile (volumes) and Price Action there is very strong swing support at 84.261. The market is in a strong uptrend and this is the closest strong support in the way up. If the market makes a trend correction I will go long from there.
In this support zone there are cummulated heavy volumes of big players who drove the price higher - you can see that in the Cummulative volume profile shown on the right sideof the chart.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there.
Dale
imas007
Good trade, please be my mentor.
BorisMisale
@imas007, I appreciate your comments Thanks you !
IamSteven
Showed really good structure resistance, nice setup keep it up!
BorisMisale
@FxRussian, Thanks !
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