CAD JPY: Also Very Weak. Reversal Is Coming!
https://www.tradingview.com/x/DSPHQ1Wf/
I posted the Chinese Yuan & Japanese Yen Short-Trade a little earlier.
Well the CAD JPY Daily Chart is almost a Carbon-copy of it. I would go so far as to say that this one is a tad weaker. Either should be a good Short-Trade. I will be on them both on Monday.
I need a break from trading Gold. Variety in your trading is the spice right! I love the explosive, fast moves in Gold so long as I'm on the right side.
I will work out a Stop Loss for this trade a bit later.
The CAD will turn around soon as the low prices will bring demand back into the Canadian -currency & it will very quickly come out of its oversold condition. Meanwhile, I am confident there is some further weakness in the currency before things start to get rosy again.
I posted the Chinese Yuan & Japanese Yen Short-Trade a little earlier.
Well the CAD JPY Daily Chart is almost a Carbon-copy of it. I would go so far as to say that this one is a tad weaker. Either should be a good Short-Trade. I will be on them both on Monday.
I need a break from trading Gold. Variety in your trading is the spice right! I love the explosive, fast moves in Gold so long as I'm on the right side.
I will work out a Stop Loss for this trade a bit later.
The CAD will turn around soon as the low prices will bring demand back into the Canadian -currency & it will very quickly come out of its oversold condition. Meanwhile, I am confident there is some further weakness in the currency before things start to get rosy again.
Transaction en cours
SHORT CAD / JPY
Sell a Market Or Limit Order from 104.50 - 105.08
SL: 106.85
TP: 101.90
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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.