CADJPY (8Aug-12Aug) OutlookCADJPY (8Aug-12Aug) Outlook
CADJPY is at critical support zone (76.9xx-77.5xx).
If break 76.8xx, it might test 75.7xx, 74.8xx,74.0xx,73.5xx (which i hope not)
On the flip side, it could retest 78.000-78.5xx zone (high probability)
My Strategy, short if break 76.8 (SL- 77.25) and long once break 77.5 (SL 76.75)
DYDD though.
If break 76.8xx, it might test 75.7xx, 74.8xx,74.0xx,73.5xx (which i hope not)
On the flip side, it could retest 78.000-78.5xx zone (high probability)
My Strategy, short if break 76.8 (SL- 77.25) and long once break 77.5 (SL 76.75)
DYDD though.
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.