Price has broken above the trend structure after a correction since September 2017. We are holding onto a bullish bias for this pair, potentially targeting 94.60 area.
I will be following up and tracking this thread regularly throughout the year. Make sure you follow this idea to get notified whenever there is an update on this idea.
Have a great trading year ahead!
I will be following up and tracking this thread regularly throughout the year. Make sure you follow this idea to get notified whenever there is an update on this idea.
Have a great trading year ahead!
Note
Update: 2/1/17Price is 'crawling' higher with RSI divergence forming. Expecting a retracement first before another move higher.
88.00 - 88.40 provide a decent opportunity to start accumulating long positions.
Note
Price continued higher without coming down to our previous entry zone.Here's an updated analysis on CADJPY.
Note
The retracement was deep. But the overall bias remains intact.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.