2 years agoTrade Started..
2 years ago
CADJPY 1Hour Signal Chart
Follow signal progress on the chart below.
Canadian Dollar vs Japanese Yen pair, Has plummeted lower during the Asian session early this morning. With the pair lossing nearly 892 pips, it continue’s to move down in a strong BULLISH trend as it did in the past days ( view Daily chart below ).
On the other hand, CADJPY is holding well above the long term 200 days simple moving average (thats why we dont recommend any long trades on the CADJPY for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend.
CONCLUSION: As per above general BULLISH trend; Only Short trades to be considered following completion of any counter trend rising correction on the 60-minute chart.
▲ Buy Signal Details
|Time||Th 2017.09.07 08:23|
|1s TP @||89.67300|
|2nd TP @|
(Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) on the 60-minute chart,