aiza_belle 의 FX_IDC:CADJPY 용 CADJPY Bearish

trendanalysis chartpattern beyondta cadjpy cad jpy bearish sell short

With the disappointing retail sales which casts doubt on whether BoC will push with the rate hike in the early half this year, while JPY has still the appeal for the risk averse especially US Fed rate hike might already be priced in, still bearish on this pair. I regret closing my earlier positions last week, should have hold and then just added now instead, with TP @80 and SL near current base pivot line (H1).

Daily:

Weekly:

Confidence: B (this pair might get more volatile mainly thanks to USD affecting JPY, and geopolitical risks in oil; also eyeing the wicky candles in the daily chart )