CADJPY: One more thing to do when the market opens

9 Nis 2016

Hi traders,

Over the last days the xxxJPY pairs have made a significant drop and has made me some good profits. We can see a slight and slow retracement. This usually means that the bears are recharging their strength.

• Trend continuation. JPY has been very strong, enjoy it while it lasts
  
• Trendline of the retracement has been broken on the 4h
  
• Previous structure are the high, that it failed to break (please see below in comments for the bigger view)
  

Entry: 83.131
Stop: 84.43
Target 1: 81.785
Target 2: 80.521
Target 3: 79.062

Best of luck!

10 Nis 2016

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12 Nis 2016

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