CADJPY - Sell
Remember CADJPY are a commodity pair i.e OIL
Canada is a net exporter of oil and Japan is a net importer, so When Oil goes up CAD is stronger and JPY is weaker and when OIL goes down, CAD is weak and JPY is strong
1. Over the last 3 years, on the Daily/weekly chart, CADJPY has been trending down in a descending channel.
2. We are now at the top of the channel and can enter a short aiming for 1000 pips for those who can hold that long
..... You can wait for a retracement up before entering or enter now with a smaller lot size
TP at any of the levels, although I am hoping it can collapse to the bottom of the channel
Canada is a net exporter of oil and Japan is a net importer, so When Oil goes up CAD is stronger and JPY is weaker and when OIL goes down, CAD is weak and JPY is strong
1. Over the last 3 years, on the Daily/weekly chart, CADJPY has been trending down in a descending channel.
2. We are now at the top of the channel and can enter a short aiming for 1000 pips for those who can hold that long
..... You can wait for a retracement up before entering or enter now with a smaller lot size
TP at any of the levels, although I am hoping it can collapse to the bottom of the channel
Transaction en cours
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.