The CADJPY has been waving down to and rejecting the outer trend line. This is the 3rd time that it has hit this point and rejected the test as long as the candlestick closes below the counter trend line and the outer trend line I would be more inclined to SELL the stop would be place at 82.30 (above the candlestick formation) targeting 79.20- 79.00 area as profit...
CHFJPY has been rejecting the 109.50 area and has broken a CTL in the SELL zone the next support area is around the 106.50-106.00 area which was the low from the flash crash last December. Stop should be place above the pivot level but overall great risk to reward 1:5. If you agree hit the like button and don't forget to follow. Here at Carter Kyle Capital we...
The NZDJPY has been in consolidation for the last few and it has broken consolidation. Yesterday the BULLS tried to Retest the 72.30 Pivot level and failed making it past support turning to future resistance. Look to SELL when the 2hr gets into the SELL zone or at market with good equity management, targeting the 69.50 level (Previous flash crashes) down to the...