CAD/JPY, LONG, DAY CHART (2-JAN-2017)
Note:
Overall, we are bullish on CAD/JPY.
There are 2 trading plans for this pair:
1. It is a Swing Setup, price pullback nicely to the
support zone and 20-EMA. We see bullish signal
bounce back from 20-EMA and Support Zone.
A good signal to long now.
Alternatively, can wait for pullback again and
another bullish signal for confirmation to long.
2. If a 2B reversal pattern formed or 1-2 bearish
signals formed, It might reverse and go to the
bearish side.
Overall, we are bullish on CAD/JPY.
There are 2 trading plans for this pair:
1. It is a Swing Setup, price pullback nicely to the
support zone and 20-EMA. We see bullish signal
bounce back from 20-EMA and Support Zone.
A good signal to long now.
Alternatively, can wait for pullback again and
another bullish signal for confirmation to long.
2. If a 2B reversal pattern formed or 1-2 bearish
signals formed, It might reverse and go to the
bearish side.
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