forexopl

CAD/JPY DAILY TF SHORT

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
0
CAD-6, JPY+7

Similar to the GBPJPY setup, there is also a V formation on the CADJPY indication of short. We will wait for a pull back into our blue price zone (dotted lines) to enter short. TP 1 will be test of recent lows (green line).

There seems to be continued JPY strength.
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.