mlwinter

TWO SCENARIOS FOR CADJPY

FX:CADJPY   Canadian Dollar / Japanese Yen
24 0 2
For shorts: Clear break and few candle closes below 79.609 will push it even lower to target 76.741

For longs: Rejection at 79.609 and 78.932 would signal a good entry for longs. ABCD completes at 85.230

Comment: We are at yellow box now. Look for price actions. Longs need hammer/ engulfing candle, shorts need a full red break down of 50% and preferably some candle close below 61.8%

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