CAD/JPY Long opoortunity
Recent Higher highs and lows suggests an uptrend. The trend is your friend they say...
Trade according to your strategy and trade PLAN
Note
A bullish "Engulfing" candle has formed. Waiting for the daily close to validate the long idea.Note
The bullish candle that developed on 01/17/18 rejected the bears advance on the 2 prior sessions, yet failed to cover the greater half of the enthusiasm established by the bears on 01/10/18. Friday session ended with a bearish engulfing candle that confirmed daily position trading attention. The idea of a long opportunity for a weekly traded plan is not developing at this time. The rate decision may change the swing but we expect another trading range that will please and displease news report dependent positions. No position may be the best position, depending on your plan and how well your strategy fits that plan.
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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.
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.