2018 Macro Outlook - CADJPY Bullish Bias
Price has broken above the trend structure after a correction since September 2017. We are holding onto a bullish bias for this pair, potentially targeting 94.60 area.
I will be following up and tracking this thread regularly throughout the year. Make sure you follow this idea to get notified whenever there is an update on this idea.
Have a great trading year ahead!
I will be following up and tracking this thread regularly throughout the year. Make sure you follow this idea to get notified whenever there is an update on this idea.
Have a great trading year ahead!
Comment:
Price continued higher without coming down to our previous entry zone.
Here's an updated analysis on CADJPY.
Here's an updated analysis on CADJPY.
Comment:
The retracement was deep. But the overall bias remains intact.
Price is 'crawling' higher with RSI divergence forming. Expecting a retracement first before another move higher.
88.00 - 88.40 provide a decent opportunity to start accumulating long positions.