Canadian Dollar / Japanese YenEducation
cadjpy
cadjpy neutral point hence intraday and scalping technic can work here definitely not swing trade so weekly price broke a uptrend channel to the downside that could be a breakout or false breakout as price broke it and retested trendline last week and close under 50ema but this week price is not certain yet....daily we have a possible head &shoulders forming which confluence with h4 inverted h&S hence is price break neck 0n h4 we consider buying cadjpy as price will move to the upside fulfilling our longterm h&s on daily time frame to sell
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.