Cad/Jpy Update

27 Ağu 2018

Cadjpy was good for about 50 pips off the level I circled. At this point I am not interested in selling it, although it can pull down at anytime. I am just paying attention to it at the trend line and also the level I have marked, anticipating a breakout and then possibly a larger running flat pattern. Not saying it can't be shorted, just not a setup I want to try to explain and update, risky. I consider it to be in an uptrend.

27 Ağu 2018

Not

I consider it to be in an uptrend. It very well may reject that 1.236 extension and make the running flat off trend line, but you would need to be very careful with trying to hold.