DAVID_GIRALDO

CAJPY Uptrend is Losing Momentum But Still Has a Push

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Hello traders!
This week I will most likely be trading CADJPY if it gives me a 4hr setup sometime early to mid week. Momentum is being lost on CADJPY and there may be a time for a big pullback but for now we can still carefully look for and enter Longs. Target can be a 1.13 instead of the typical 1.27 since momentum is dying out.
Good Luck!

Tagged is a list of a few ideas that are still very valid and can be entered if any correctinons come up this week.
Comment:
Price breaking the low, watch for the reversal
Comment:
Price reversed, I got in at the low but price is giving an additional setup now. buy the breakout
Comment:
What a Rally today !
Comment:
The rally did not continue today, price dipped. but that's fine, let the trade take you out for B.E. if you must and re-enter from the bottom.

David K Giraldo
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.