Hey Traders,
This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes.
Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback.
This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend...
We have a short set up for the USD/MXN as the dollars safe-haven demand is reduced as equity markets rebound higher.
The Widening of interest rate differentials since the FED pegged rates near Zero, makes the U.S dollar the perfect Funding currency to purchase the Mexican Peso that an attractive investment currency.