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Dinkan

CADJPY An Interesting Chart to Keep an Eye On

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Dinkan Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY cadjpylong cadjpyanalysis
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cadjpy cadjpylong cadjpyanalysis
CADJPY has been in a downtrend for a long time. There are some indications that a reversal or pullback is possible. However, at this moment, our idea is to follow the chart and update whenever we see a reversal indication.
Comment:
The candles closed above 26 EMA. But, already touched 200 SMA. At this condition there could happen a reversal. So, waiting for a signal from Advance decline Ratio, to activate buy position.
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