CADJPY: Cheeky Scalp 1:3 with tight SL
We can see CADJPY rejected off the ascending channel and horizontal resistance confluence.
I think we'll retest following a bounce off the lower boundary, especially seeing how oil is doing and today's CAD data.
I'm really mindful of the end of week BoJ news as I think this could cause some reversals based on recent BoJ fundamentals and historic moves to protect the currency in International markets, but there's time left this week and so picking up pips where I feel safe, ahead of the news.
I think we'll retest following a bounce off the lower boundary, especially seeing how oil is doing and today's CAD data.
I'm really mindful of the end of week BoJ news as I think this could cause some reversals based on recent BoJ fundamentals and historic moves to protect the currency in International markets, but there's time left this week and so picking up pips where I feel safe, ahead of the news.
Trade closed: target reached
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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.