JPY Pairs On Fire, CADJPY Has A Good Set Up Coming Soon

19 Nis 2022

Traders, USDJOU has been on fire since I published this breakout idea (see below). Now JPY pairs may take a little pause and can correct. They are still very strong so if you are looking to short, please ensure that you have a good confirmation.

CADJPY is a good candidate for this correction as it has one the cleanest set up available. We have 2 W patterns, one smaller one which is just about to complete. It should give a confirmation either this week or the next. If the mid point is broken then we can see further shoot up towards the completion of a bigger W pattern.

USDJPY on the other hand is about reach a zone with mid point around 128. After this we should see a little correction at least.



Trade what you see and ignore any hypes. Stay objective.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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