eldeivit

CADJPY: an idea for the quarter

Long
eldeivit Updated   
FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
Idea:
The pair is apparently involved in a rising wedge.

Looking at the RSI is a "step" increase and a trend that seems to overflow near December; Taking Fibonacci levels, a zig-zag line (elliot for purists) and this combined apparently coincides with a wedge pattern fits:
---------------------------------------
CHF seasonal trend
CAD seasonal trend
---------------------------------------
this quarter apparently these pairs enter into a seasonal period, where the increases in indices of each other are synchronized.

To break the wedge in the second week of December

Ideas, comments and suggestions:
They are always welcome


annexed:
Comment:
meaby Bump and Run Reversal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.