Eugene123

Waiting for the fall to come, wishing it would come soon

Short
Eugene123 Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
- Currently we see the market is bearish on the 1D time frame
- Since CAD is affected by the oil price we are waiting for the buyers too loose strength
- This could be at the resistance line of the downward trend for the 1D


Stay tuned to see if we will be entering this week.
Comment:
- This trade although it broke out of the resistance line does necessarily mean go long as yet.
- Would like to see the test of the resistance line before i go long
- Oil price is driving the uptrend.

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.