A huge opportunity this upcoming week on the CADJPY pair. With Monday being the 4th of July, ideally avoiding the slow-moving US markets would be the best option. A textbook bearish pennant presents itself to us giving us a wonderful look in shorting this pair. Last week it broke out and now it's coming back for a retest. Hoping to see some strong rejections around that breakout zone in order to confirm our entry.
I'm probably only gonna trade this one this week. Wishing you a profitable week!
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.