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Cadjpyanalysis

CADJPY: nice short opportunity on H4Hi Traders, This is my view on this cross for the next few days. #CADJPY SELL 87.021 SL 87.64 TP 85.72 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
CADJPY - BULLISH BIAS===== MARKET OUTLOOK ===== CAD - BULLISH 1️⃣ Faster vaccine roll-out in Canada may keep fueling hopes of a faster exit from current restrictions and offsetting the negative impact of deteriorating data flow. 2️⃣ Oil prices jump as much of vital pipeline remains shut down following cyberattack. 3️⃣ Bank of Canada was the only central bank to tighten in April. JPY - BEARISH 1️⃣ Japan's extended state of emergency over the coronavirus pandemic till the end of May. 2️⃣ Good momentum in global equities continues. ===== TECHNICAL ===== We're looking to long this pair on RBS level + SMA50 area on H1 chart. ===== RISK TO THIS TRADE ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia