CADJPY SHORT BIAS CONFLUENCE WITH OIL
1. Oil is on a downward trend and has retested a broken channel and now is with a heavy short bias, thus CAD should weaken as well.
2. Price broke out of structure with a clean close on the 4hrly.
3. Wait for retest of the structure and short.
4. Daily Chart shows a number of pin bars with short bias.
2. Price broke out of structure with a clean close on the 4hrly.
3. Wait for retest of the structure and short.
4. Daily Chart shows a number of pin bars with short bias.
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.
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.