CADJPY - Friday - Monday momentum lost

FX:CADJPY   Canadian Dollar / Japanese Yen
159 1 4
Weekly chart here :

In his book, "How I trade for a living", Gary Smith talked about momentum lost over the weekend, "Friday - Monday momentum lost". This pattern occurs when, after a close strong on Friday, prices gets slashed on Monday. Since I have been aware of this pattern, I can say that it is very rare and very accurate.
17.12.2014 closed position

I should have closed it earlier, but I thought that the FED will make the Yen rally due to stock market declines. However, oil rallied strongly today. At the end of the day, it was a great trade. Too bad it was too small (only 1)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out