CADJPY is going up in abc formation. When this pair moves, it moves fast.
Past 10 months' pattern looks very similar to Dec 2014 ~ July 2015, only inverted.
So if history repeats itself, our best strategy is to wait for a dip near 85, then open a long trade targeting 94.
Great risk/reward ratio = 5.
Happy trading!
Past 10 months' pattern looks very similar to Dec 2014 ~ July 2015, only inverted.
So if history repeats itself, our best strategy is to wait for a dip near 85, then open a long trade targeting 94.
Great risk/reward ratio = 5.
Happy trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.