justatrader
Short

CADJPY - Short on retest of triangle break out

FX:CADJPY   Canadian Dollar / Japanese Yen
610 views
9
610 56
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.
Reply
CryptoCubic justatrader
CADJPY probably going to be flat for now, then should move lower to 94.70 - first support
Reply
6.8% unemployment rate and yet this B**ch doesn't move an inch!!
+1 Reply
CryptoCubic justatrader
its more probable that CAD will go down against other pairs for the time being
Reply
jangseohee justatrader
cancelled out by falling oil price?
Reply
CryptoCubic jangseohee
just purely technical outlook
Reply
Realisto_FX jangseohee
Not yet , there´s still a breakout down option after negative consumer sentiment in 1 hour
Reply
GJ look bullish?
+1 Reply
IvanLabrie jangseohee
Yes, it's probably completing a leg down there then retracement coming.
Reply
CryptoCubic jangseohee
why you are asking if it looks bullish when we all discuss about it being bearish :)
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out