CADJPY is forming a likely W formation and this means we will see much higher levels in the coming weeks.
Th support is in low 87s with current GANN resistance 89.42.
I feel we should be buying between 88.50-88.75 and a stop below 87.25. The objective in the coming weeks is around 92.50.
Th support is in low 87s with current GANN resistance 89.42.
I feel we should be buying between 88.50-88.75 and a stop below 87.25. The objective in the coming weeks is around 92.50.
Note
Profit taken at 91.58. Now starting a SELL strategy. (see update today).
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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.