Derek_Lorentz
Long

CADJPY looking for 92.07

FX:CADJPY   Canadian Dollar/Japanese Yen
49 5 0
Can we get some JPY weakness to drive this pair up? I think so. Todays (soon to be yesterday) pivot has not been hit yet, and coincides with the 50% retracement of this recent downward move. 26 pip target with 15-20 pip stop loss. Not big money maker, but something to keep an eye on.
Interesting idea but don't you think the Japan data this evening will push the Yen pairs down?
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Derek_Lorentz mattlowden
2 years ago
Very well could happen. If that happens, look to sell 91.30, in which case we can probably expect to test the lows around 90.75ish
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Derek_Lorentz mattlowden
2 years ago
I would actually prefer that as my fx algo is currently short CADJPY
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mattlowden PRO Derek_Lorentz
2 years ago
I tend to avoid the Yen pairs they don't really compliment my style of trading but I wish you the best of luck with this trade Derek!
Reply
Derek_Lorentz
2 years ago
Very well could happen. If that happens, look to sell 91.30, in which case we can probably expect to test the lows around 90.75ish
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