piphunters
Long

CADJPY: Watch for breakout

FX:CADJPY   Canadian Dollar/Japanese Yen
826 11 37
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.
Comment: Doesn't look like it can break to the top side, a break down is a good short term sell
Do you think that after this break above it will go back to short?
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piphunters jrybinski
if it breaks up why would it go back down again immeadiately?
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jrybinski piphunters
I don't know. I am learning :) Started trading in December '15
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piphunters jrybinski
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
yes quite possible they go down another lag
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Worship you, see a lot of graphics, are very fond of.
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piphunters kongjun
thanks
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Awesome and the double bottom also confirms it.... Good work love you
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piphunters pipizer
thank you
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sutz pipizer
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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