CADJPY

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Not a pair we trade often, but going through the charts - there's a nice potential for a short on this 4 hour chart. Waiting for indicator confirmation.

COT data suggests both the Canadian and the Yen have had net longs added this week. So it could be a little more of a push up, before dropping down to create a new lower low.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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ملاحظة

Short on smaller time frame 4hr (pullback) and bullish for longer-term trend (Week)

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تم حذف الأمر

No signal came on this pair