CADJPY looking bullish!!!
Hello friends
I am out of all trades. Tomorrow is month end, week end and quarter end. I would like to enter next week fresh. This is my top pick for next week.Let's take a look.
Weekly had initial run which ended in january and it has been pulling back since then. Currently sitting at kijun and 55 dma. Macd is crossed down.Chikou is above past candles however
DAILY is below cloud. 200 sma still holding. Currently coming into kijun. Macd will have cross next week. Chikou is below past candles. It is bearish as of now.
4h is currently testing cloud top. Chikou above past candles. If it pulls back here, i'll use that to open half size long. Full size once price gets above daily cloud.
Alternatively, you can look for kijun break on daily and then enter. But net net i expect dxy strength in next quarter, yen weakness and gold weakness. Let's see how it plays out. Rest of the charts i will post on weekend.
Happy Trading.
I am out of all trades. Tomorrow is month end, week end and quarter end. I would like to enter next week fresh. This is my top pick for next week.Let's take a look.
Weekly had initial run which ended in january and it has been pulling back since then. Currently sitting at kijun and 55 dma. Macd is crossed down.Chikou is above past candles however
DAILY is below cloud. 200 sma still holding. Currently coming into kijun. Macd will have cross next week. Chikou is below past candles. It is bearish as of now.
4h is currently testing cloud top. Chikou above past candles. If it pulls back here, i'll use that to open half size long. Full size once price gets above daily cloud.
Alternatively, you can look for kijun break on daily and then enter. But net net i expect dxy strength in next quarter, yen weakness and gold weakness. Let's see how it plays out. Rest of the charts i will post on weekend.
Happy Trading.
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