Nice short on the CADJPY. JPY is showing signs of a strong trend this week
As you can see this pair has failed to break the resistance line but I will wait for the daily candle to confirm my trade if a new candle forms below my resistance then I will go short maybe to 122 area
Currently watching this pair in the next coming, The president of the RSA changed his minister of Finance which made the investors very jumpy hence the big move from 12,59 region looks like the candle failed to break above the blue line but i'll wait for a new candle to form which will give me a clear direction if it continues up I'm expecting it to go to 14,45...
AS YOU CAN SEE THE MARKET WILL RESPECT THIS HARMONIC PATTERN AND RUMOUR HAS IT THAT XXX\USD WILL FALL
as you can see the Heads and Shoulders pattern the chart suggests that there can be a possible long setup here but lets wait for a confirmation