RobinhoodFX

CADJPY next 300 pips pricing map

Long
OANDA:CADJPY   Canadian Dollar / Japanese Yen
In the chart above we have lined out CADJPY movement over the last $4 dollar. Within our trading methdology we like to pay attention to the extremes being -30% and 130% where we expect to see major trends end and begin. With this being the case we have about 300 pips before we see the next major move in the CADJPY. Within the last $4 dollars of movement we can see how price hangs around the whole numbers we can develop a pricing map that allows us to take advantage of this congestion that can either allow us to play on the 100 pip move, 250 pip move or 625 pip move as you can see in my other chart analysis.

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