CADJPY, ANALYSIS AND VIEW
HELLO ALL,
LAST NIGHT I POSTED ON THIS PAIR. THE BREAKOUT HAPPENED AND THEN CAD CAME OUT WITH POSITIVE NEWS THAT MADE THE PAIR GO HIGHER AFTER ROAMING AROUND THE 81.20 AREA. THE BREAK OUT HAD A 90 PIP RUN WITH WHAT COULD OF BEEN ROUGHLY A 20 TO 25 PIP SL, A VERY GOOD RISK/REWARD TRADE.
CADJPY IS CURRENTLY IN A FLAG PATTERN ON THE 30 MIN CHART AND LOOKS AS IF IS GOING TO GO HIGHER. THIS COMING TRADING WEEK, LOOK FOR THE BREAK FROM THE FLAG, PRICE ACTION, AND PUT IN SOME MORE LONGS, POSSIBLY TO THE WEEKLY TREND LINE OF 83.80. CAD SHOULD CONTINUE ON THE BULL RIDE ON THE FUNDAMENTAL SIDE. GOOD LUCK TO ALL!
REMEMBER RISK MANAGEMENT AND PATIENCE ARE YOUR FRIENDS.
PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
LAST NIGHT I POSTED ON THIS PAIR. THE BREAKOUT HAPPENED AND THEN CAD CAME OUT WITH POSITIVE NEWS THAT MADE THE PAIR GO HIGHER AFTER ROAMING AROUND THE 81.20 AREA. THE BREAK OUT HAD A 90 PIP RUN WITH WHAT COULD OF BEEN ROUGHLY A 20 TO 25 PIP SL, A VERY GOOD RISK/REWARD TRADE.
CADJPY IS CURRENTLY IN A FLAG PATTERN ON THE 30 MIN CHART AND LOOKS AS IF IS GOING TO GO HIGHER. THIS COMING TRADING WEEK, LOOK FOR THE BREAK FROM THE FLAG, PRICE ACTION, AND PUT IN SOME MORE LONGS, POSSIBLY TO THE WEEKLY TREND LINE OF 83.80. CAD SHOULD CONTINUE ON THE BULL RIDE ON THE FUNDAMENTAL SIDE. GOOD LUCK TO ALL!
REMEMBER RISK MANAGEMENT AND PATIENCE ARE YOUR FRIENDS.
PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
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