Get started

Cadjpyanalysis

Giving $CADJPY Short another sell chanceAs a trader its about mindset and making sure your decisions are made quickly and one should be patient. Hence I have made a decision to short this pair. Using my previous analysis: we had to fill the two liquidity pool above: therefore I am confident enough to take a short and close my previous trade: We are learning to be confident and strict with our biases here and avoid the situations like the one I will post below: indecision is dangerous in trading and one should avoid it all cost. risk management is key! STOPLOSS AT: 99.134 TAKE PROFIT AT: 95.092
Short
by Sherman_Trades
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. The reason for that is because the Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is definitely a very high possibility to sell to 96.33 LEVEL. So FOLLOW STRUCTURES.
by benny_marshall