CADJPY in correction, look for new lows soon
Updated
One of the most beautiful charts out there. A Cypher pattern that waits for its completion at the final point - D. That point also coincides with 161.8% Fibonacci extension. The bias is currently short so my first advise is to sell rallies.
Two trade ideas:
1) Short at the re-test of previous support, now resistance at 0.8390, SL 0.8430, TP 0.8200.
2) Long at 0.8200, SL 0.8120, TP 0.8400
Two trade ideas:
1) Short at the re-test of previous support, now resistance at 0.8390, SL 0.8430, TP 0.8200.
2) Long at 0.8200, SL 0.8120, TP 0.8400
Trade closed: stop reached
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.