CADJPY - Buy
Updated
Price pierces through EMA lines and through green cloud on the 1 hour time frame @ 4am EST on Oct 7th. By 9 am we should of noticed the strong buy movement and entered in a position.
4 hour time frame also confirmed a buy for us.
FIB retracement also confirmed a late buy entry from the day before.
EURJPY and CHFJPY both look very similar to CADJPY'S chart layout on the 4 hour time frame meaning that CADJPY was most likely going to move with those 2 pairs since we already predicted a buy for both of them.
4 hour time frame also confirmed a buy for us.
FIB retracement also confirmed a late buy entry from the day before.
EURJPY and CHFJPY both look very similar to CADJPY'S chart layout on the 4 hour time frame meaning that CADJPY was most likely going to move with those 2 pairs since we already predicted a buy for both of them.
Trade active
Price has continued to rise strongly on all time frames. CAD news also helped push the price up dramatically, currently price is at 80.528 as of Oct 9th @9:26 EST.We expect a small retracement soon for a good entry for a buy long term.
Comment
Entered in 2 positions last week, once market opened saw that price was going to retrace surely. Closed both positions for a gain of 5 pips. Currently have buy limits set for
80.130
80.025
79.920
Trade closed manually
Canceled all buy limits, price hasn't moved in 2 days. waiting to see which direction it heads in after seeing all of the other JPY plummet.Disclaimer
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