As we head for another market open today, I have identified a new opportunity on CJ.
The Canadian Dollar is showing some strength and momentum to the upside this past few days, and my guess is that this will continue, the CAD has been making new highs all over the markets.
And specifically in this pair (CAD/JPY) we are now re-testing a new higher high - creating a higher low, ready to pop up for the new higher high creating at around 82.000 which is the next resistance.
Trading Plan Co.
(I will be updating this trade throughout the week)