CADJPY - Daily Timeframe - Short Opportunity
There is a great probability now, that CADJPY will retest previous lows and further. A week Canadian dollar and a stronger Yen, sum it all up at this moment.
Broke the daily trend, reason for which we will be looking for sells setups only, on this pair. If you aren't yet in the trade, look for small flags or corrective structures to the upside on the smaller timeframes (4hr or 60min) and sell their break, with a stop loss above them.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Broke the daily trend, reason for which we will be looking for sells setups only, on this pair. If you aren't yet in the trade, look for small flags or corrective structures to the upside on the smaller timeframes (4hr or 60min) and sell their break, with a stop loss above them.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Comment:
Positions in BE.