justatrader
Short

CADJPY - Short on retest of triangle break out

FX:CADJPY   Canadian Dollar / Japanese Yen
599 56 9
Triangle break out + divergence. Expect a bounce from the lower trend line of the price channel and then a decline.
The support/resistance at 95.436 seems to be a tough nut to crack. I would assume a dip lower and then a retrace back to 95.436 could happen only then a move to the downside, unless the pair drops in a more clear fashion.
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HiTech justatrader
CADJPY probably going to be flat for now, then should move lower to 94.70 - first support
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6.8% unemployment rate and yet this B**ch doesn't move an inch!!
+1 Reply
HiTech justatrader
its more probable that CAD will go down against other pairs for the time being
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jangseohee justatrader
cancelled out by falling oil price?
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HiTech jangseohee
just purely technical outlook
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Realisto_FX jangseohee
Not yet , there´s still a breakout down option after negative consumer sentiment in 1 hour
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GJ look bullish?
+1 Reply
IvanLabrie jangseohee
Yes, it's probably completing a leg down there then retracement coming.
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HiTech jangseohee
why you are asking if it looks bullish when we all discuss about it being bearish :)
+1 Reply
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