FX:CADJPY   Canadian Dollar/Japanese Yen
8 months ago
81-82 is a weekly buy zone for $CADJPY that already generated impressive 500 pips rally the last time I traded it.
After it was rejected by the 200 days MA line, $CADJPY is back near the support zone but now it is above the broken downtrend line (red dashed line).
Those who seek bearish opportunities may look at the potential Head and Shoulder pattern (blue circle) but considering that $CADJPY is near weekly support zone that includes also a weekly uptrend line (green dashed line) and potential Aggressive C setup for a weekly Gartley pattern (yellow), I prefer to focus on the bullish side.

Tomer, The MarketZone
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8 months ago
Comment: Testing the weekly uptrend line. I don't like the close below the daily downtrend line.
80 is next weeks critical support zone
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Tomer J,
The Market Zone - You trading Edge
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