Wave-Trader
Short

CADJPY Expecting short

FX:CADJPY   Canadian Dollar/Japanese Yen
1589 6 37
Hi fellows. I am anticipating short on this pair.
U still positive on this one?
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@febeks, yes it will fall mate but will take time ya its not about hrs its about days and weeks ya.
+1 Reply
Does this analysis still stands still, or invalidates ?
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Wave-Trader PRO vishwakalra
@vishwakalra, it will fall mate but will take time ya its not about hrs its about days and weeks ya
+1 Reply
Do you think is it time to short now ?
+1 Reply
Thanks for your analysis!
Here is my view on CAD/JPY if you are interested:

Based on Market Profile (volumes) and Price Action there is very strong swing support at 84.261. The market is in a strong uptrend and this is the closest strong support in the way up. If the market makes a trend correction I will go long from there.
In this support zone there are cummulated heavy volumes of big players who drove the price higher - you can see that in the Cummulative volume profile shown on the right sideof the chart.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there.
Dale
CAD/JPY  swing based on Market Profile and Price Action
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