CADJPY Lower
I like trying CADJPY Lower here.
From a technical perspective we've broken a head and shoulders pattern. We've also got a shooting star on the weekly and a double top on the weekly further back as well.
I like the narrative of moving from inflation worries this year to now global growth worries, this is a similar trade to USDJPY lower but i think CADJPY will be hit more from global growth worries than USDJPY.
oil is lower, global yields are lower, risk sentiment is low, commodities are lower - this overall points to a lower CADJPY to me.
JPY short positioning is extreme.
Not trading/investment advise, feedback welcome!
From a technical perspective we've broken a head and shoulders pattern. We've also got a shooting star on the weekly and a double top on the weekly further back as well.
I like the narrative of moving from inflation worries this year to now global growth worries, this is a similar trade to USDJPY lower but i think CADJPY will be hit more from global growth worries than USDJPY.
oil is lower, global yields are lower, risk sentiment is low, commodities are lower - this overall points to a lower CADJPY to me.
JPY short positioning is extreme.
Not trading/investment advise, feedback welcome!
ملاحظة
going to increase the stop on this one to 107.31, i think the idea still makes a lot of sense as global growth worries continue and commodities continue to fall but this has ended up being a longer term trade than i originally thought. overall risk will be 2.67% on CADJPY with my other CADJPY lower trade but i am happy with that. reason for higher stop is to avoid event risk over CAD rate decision.ملاحظة
this trade is 1.67% risk and i also have another 1% risk in at 105.51 entry, 107.31 stopملاحظة
moving stop to 107.558ملاحظة
stop moved to 108.429 for the time being as i want to see how earnings affect stocks this weekملاحظة
taken this out at 105.7ملاحظة
0.738% loss
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.