CADJPY Short term Bullish - Possible NFP & CAD News trade today
CADJPY have been trading within multi-sessions bullish channel, so far price almost reached the top of the channel, as we have an important release about CAD unemployment figures today, i am seeing the scope for a breakout of this channel, expecting the price can test 81.90+.
However this is a short term picture, though overall the momentum on the bigger time frames is still bearish. Please respect the money management guidelines when trading this market.
Good luck!
However this is a short term picture, though overall the momentum on the bigger time frames is still bearish. Please respect the money management guidelines when trading this market.
Good luck!
Trade closed: target reached
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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.
Related publications
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.