FX:CADJPY   Canadian Dollar / Japanese Yen
CJ could expand down, but dang that is some tight 1 hr price action, something that always catches my attention.... Still early in week. I still feel like the most high probability buy on yen this week is EJ when you look on daily but AJ and CJ can have more upside. But you gotta be familiar with the yen. It is your best friend or your worst nightmare. Have to understand how it moves. When it trends, it trends.
Comment: It can just shoot, but u gotta understand where you are at. Cad made a massive move down, diagonal, little consolidation. Always corrective threat in that situation. But when yen goes, it goes. It either does or it doesn't. Trade the consolidation (trap patterns) not the levels and always protect your capital.
Comment: when yen trends... it traps and goes, traps and goes. small flags
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