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Cadjpybearish

CADJPY Holds Below 81.4 ResistanceAnchored notes on chart outline key details. If this level holds, there's a good R-multiple trade here. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Short
by FinancialGamblR
CADJPY Break OutCADJPY on the daily time frame has a nice break out from its resistance and the trading channel. For possible resistance levels we have to go back in time, back to 2015 to be exact. The resistances that you see are based on CADJPY trading ranges from 2015 and the last time that CADJPY traded between 92 and 102. Giving the recent rate hike and the more than decent economic data the strength of CAD is growing and it will try to reach 100 again. The only thing that can spoil this CAD bull party is North Korea, as you all know JPY always gains some strength during North Korea events. But thats an uncertain factor and for our analysis we look at the charts and the indicators. Just use a good stop in case of any sudden North Korea action.
Long
by JoshFX1