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Lanes_Capital_Trading
Nov 20, 2018 1:31 PM

CADJPY Oil is falling off a cliff, taking CAD with it Short

Canadian Dollar/Japanese YenFXCM

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Hey everybody, I've been monitoring CADJPY this morning, and I see a potential short opportunity. The oil downtrend doesnt appear to be over just yet, which is weakening the canadian dollar. I will be looking for 100 pips from 85 to 84, given a clean break of this trend line.
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Lanes_Capital_Trading
Update: Tuesday's candle closed nicely but we've retraced to entry overnight. It looks like oil has stabilized for now.
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