Guerrera

CADJPY weekly overview

FX:CADJPY   Canadian Dollar/Japanese Yen
38 0 3
For this pair I don't have any strong forecast to trade right now, but I would like to share my thoughts.

1) Now we are in downtrend.
2) I think down move has limit and it's risky enough.
3) If it go down, I will just look, and trade other setups ( AUDJPY             see my ideas)
4) But if it will try to reverse, my final suggestion: we are waiting the first impulse up to finish downtrend, and then after correction we will find buy setup for huge long term trade.
5) Divergence on MACD!
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