CADJPY Bullish sentiment Long

Canadian Dollar / Japanese YenFOREX.com

Description

⋅ Jul 9, 2021 1:57 AM

Hello traders, As I predicted in my last analysis (link below) the retracement has been completed. Let's not forget that the overall trend is bullish and COT has still enough fuel to push the market to 90.00 area. I am bullish up to at least 88.50 in the short run. Please share your thoughts and like/follow for more free educational analysis.

Comment

⋅ Jul 9, 2021 2:04 AM

Comment

⋅ Jul 9, 2021 2:45 AM

Trade entered at market price 87.488 SL: 87.05 TP1: 88.20

Comment

⋅ Jul 9, 2021 5:06 AM

Moved SL to BE @ 87.50

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⋅ Jul 9, 2021 8:12 AM

50% profit banked

Trade closed: target reached

⋅ Jul 9, 2021 11:48 AM

Comments

ragua4real

⋅ Jul 9, 2021 5:06 AM

True set up but as you stated it's a short term buy. It is bearish in the very long run. Thanks for this nice analysis.

FXSurgeon

⋅ Jul 9, 2021 5:11 AM

@ragua4real, thanks mate, I agree, let see what the COT data shows tonight.