CADJPY Bullish Scenario
Updated
The pair is testing its support trendline from 19 Mar 2018, near 78.6% retracement of 26 Oct low to 8 Nov high.
I have been bullish CAD on the tightening prospect by BoC and I think crude has found support at 55.15 and will consolidate below 59.50.
On the calendar, we'll hear a couple of speeches and inflation data on Friday.
Stop loss below 85.20 targeting 88.00.
I have been bullish CAD on the tightening prospect by BoC and I think crude has found support at 55.15 and will consolidate below 59.50.
On the calendar, we'll hear a couple of speeches and inflation data on Friday.
Stop loss below 85.20 targeting 88.00.
Trade active
Note
re-entered long
Note
stop loss if close below first trendlineTrade closed manually
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.