piphunters
Long

CADJPY: Watch for breakout

FX:CADJPY   Canadian Dollar/Japanese Yen
826 11 37
8 months ago
The pair is looking ready to breakout to the upside after already having a smaller degree breakout, I would be buying this pair once a break is confirmed for some decent targets.
8 months ago
Comment: Doesn't look like it can break to the top side, a break down is a good short term sell
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jrybinski
8 months ago
Do you think that after this break above it will go back to short?
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piphunters jrybinski
8 months ago
if it breaks up why would it go back down again immeadiately?
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jrybinski piphunters
8 months ago
I don't know. I am learning :) Started trading in December '15
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piphunters jrybinski
8 months ago
Okay, if it breaks it will go up.
+1 Reply
I see several signals on JPY pairs that they may head for a bearish pullbacks.
I agree with the longer term view that CADJPY will break higher, but perhaps it'll be after a deeper retracement.
I think that you've called it right - Wait for the breakout to confirm potential bullish move
+1 Reply
piphunters themarketzone
8 months ago
yes quite possible they go down another lag
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kongjun
8 months ago
Worship you, see a lot of graphics, are very fond of.
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piphunters kongjun
8 months ago
thanks
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pipizer
8 months ago
Awesome and the double bottom also confirms it.... Good work love you
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piphunters pipizer
8 months ago
thank you
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sutz pipizer
8 months ago
the double bottom confirms as much as the double top does, as i see it if you look at the range time the next two week should give us an accurate perspective towards where the price is heading, my estimate is we still are in a bearish trend, that is long-term. Great pips to you all !
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