CADJPY Short (short-term)

Feb 8, 2018

Riding this pair's recent bearish trend as well in relation to both oil and CAD dropping recently, but must watch out for any signs of JPY weakness. Weekly chart shows that this pair is ranging, so there's risk of getting whipsawed. Setting up sell stop order few pips below 86 with TP between 84.5 and 85 and SL @86.6.

Daily:


Weekly:



Confidence: C (should monitor closely especially CAD employment news tomorrow-- might close early then resume again, depends on how price turns out after the news)

Feb 9, 2018

Trade closed manually

Manually closed before the CAD employment news earlier. Will most likely resume bearish position esp if oil continues to be bearish as well.