"Hello Darkness My Old Friend"
Updated
The Unemployment report will be released shortly, and much is expected to affect this pair. This pair in particular has witnessed the most bullish momentum compared with other JPY pairs. Well...not anymore. The Unemployment report isn't much optimistic, as well as the Net Change in Employment. as former is expected to remain and the latter is expected to reduce by almost 15K. So we may see a bearish pressure on CADJPY.
Here, divergence is spotted. The pair was unable to break the upper side of the triangle and can go down. If it does, it will enter the 1/1 area of the Gann, and can start a sweet downtrend afterwards.
What a way to end the week!
Happy trading!
Riz
Here, divergence is spotted. The pair was unable to break the upper side of the triangle and can go down. If it does, it will enter the 1/1 area of the Gann, and can start a sweet downtrend afterwards.
What a way to end the week!
Happy trading!
Riz
Trade closed: target reached
Done! :)
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