CAD/JPY (Short-Term-Trade) - Market Update.
It seems that we are in a cross-road for CAD/JPY. What can we be expecting? Well I see two possible scenarios like I do with all of my trades. Either we are going Up or we are going down! We are close on becoming a up-trend. For me to start looking at CAD/JPY as a potential -BUY- area we would need price to close -ABOVE- our Minor Trend-Line and we could see price reaching our next Weekly Resistance area.
Regarding it being a -SELL- we would need a solid candle to close -BELOW- our Minor Trend-Line and possibly see it reaching our Fibo T/P areas or our Weekly Support area as a potential T/P area.
Either way we have to be patient and see what this pair is going to give us at the close of this candle. As we can possibly profit both ways from this. A good thing is that we have the 4H candle closing also at the end of this hour so that can help with some EXTRA confirmation.
*This is NOT a signal this is a Market Update. Please trade at your own risk. For inquires on our Advance training and our Free Telegram please email us at TheForexClubFX@gmail.com.
Regarding it being a -SELL- we would need a solid candle to close -BELOW- our Minor Trend-Line and possibly see it reaching our Fibo T/P areas or our Weekly Support area as a potential T/P area.
Either way we have to be patient and see what this pair is going to give us at the close of this candle. As we can possibly profit both ways from this. A good thing is that we have the 4H candle closing also at the end of this hour so that can help with some EXTRA confirmation.
*This is NOT a signal this is a Market Update. Please trade at your own risk. For inquires on our Advance training and our Free Telegram please email us at TheForexClubFX@gmail.com.