#CADJPY 2H
Favoring the bullish scenario.
This pair is now at a decision point. We have two scenarios prepared and ready to execute.
From a fundamental PoV, the increasing OIL prices will soon start to give the CAD currency some strength. Which will drive most CAD pairs up, including this CADJPY pair.
From a technical perspective, the pair is ranging between two trendlines and it is getting close to breaking one of them. Whichever breaks first will decide what comes next...
📰 Fundamentals to watch:
- Consumer Price Index m/m (Wed)
- Core Retail Sales m/m (Fri)
Risk Only: 2-3%
Good Luck
Favoring the bullish scenario.
This pair is now at a decision point. We have two scenarios prepared and ready to execute.
From a fundamental PoV, the increasing OIL prices will soon start to give the CAD currency some strength. Which will drive most CAD pairs up, including this CADJPY pair.
From a technical perspective, the pair is ranging between two trendlines and it is getting close to breaking one of them. Whichever breaks first will decide what comes next...
📰 Fundamentals to watch:
- Consumer Price Index m/m (Wed)
- Core Retail Sales m/m (Fri)
Risk Only: 2-3%
Good Luck
Trade closed: target reached
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Instagram: @UncleBullGroup
Website: unclebullgroup.com
Instagram: @UncleBullGroup
Website: unclebullgroup.com
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.
Free Discord: discord.gg/HpF9uG35Zs
Instagram: @UncleBullGroup
Website: unclebullgroup.com
Instagram: @UncleBullGroup
Website: unclebullgroup.com
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.