CAD/JPY 0.31% is most possibly in a reversal mode at the moment being. In the shorter term charts, we can see the convergence divergence with the MACD , with prices moving higher yet MACD making lower lows. If this resistance holds then we can expect CAD/JPY 0.31% to go down at least 200 pips. Always trade with your own analysis as well as money manage...
As shown on the graph representation, the CADJPY monthly time frame has formed an inverse H&S... and it is currently hovering at the neckline of the monthly inverse H&S! It's gonna be tough... but it's going to be interesting! I currently have long CADJPY as seen on my previous analysis.
We see a correction of 200 PIPS from the current level. Let's Watch !!
Hi,traders!The price will test 84.8!I hold a point:Good charts does not more words to explain! Good luck!
After completing double top, the price is going towards double bottom at 84.80 to 85.00 level - We see a big move from 85 to 86.50 in a shorter period of time.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive drive.google.com Best regards Aaron
I'm new to Forex market so if anythings wrong with my chart or my wave counting please let me know, Thanks. Trade with care.
Look for buy on first impulse , its a very good risk-reward setup. Linked below is my USDJPY and XAUUSD setups, both of them are in good profit, you can still enter based on your strategy. Give it a like if this has helped you in any way. Follow for more ideas and daily updates