FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
With oil picking up steam, I expect all cad pairs to correlate with its long bias.
fed powell given a short term confidence in the market making every investor dump some of their X/JPY shorts to long positions.
looking back out USDJPY analysis as well as CADJPY analysis posted weeks ago have all been met with precision. we did however experience some flash crash after apple gave some warning singes closing out most of out positions in profit.
With that being said I am long on CADJPY with targets for 38%. I expect some long entries from institutional money to send this to our targets. 2.5% exposure. the rest is patience once trades are opened we have no control but trusting out analysis regardless.. enjoy guys and have a lovely trading week.
Trade closed: target reached: targets met as analysed.