CAD/JPY - LONG; Buy it up!

This should be self explanatory. The Loonie should also benefit - including for the long run! - from the global re-centralization toward NAFTA.

코멘트:

Here, if lucky, one should get a 50 pip downward push (Stop Hunt)...

... before this pair heads up to the R3 pivot, +300 pips higher.
Prepare to go Long here.

코멘트:

... and that's how it's done! :-)

Loaded up LONG on that massive Pin Bar, @96.75

코멘트:

(+155 pips, so far, today)

This is an opportune time for an FX Maxim:
"There is no such thing as over-bought or over-sold in the FX markets!"
Words to live by.

코멘트:

This pair is starting to react here so, one may want to lighten up (quite a bit) here, for now. (Depends on how loaded one got on this move here. Yours Truly did not hold back :-)

This move is obviously far from over but with the weekend coming up, ... This is just a pause for the cause.

코멘트:

FLAT - for now;

This is getting a little over-extended here thus, FLAT - for now - while waiting for a pullback. (Having booked +300 pips here, already, while being massively loaded :-)
This move is far from over, though! So, be ready to jump back in on a meaningful pullback.

코멘트:

Comments in Chart

코멘트:

Like I said a couple of days earlier ...

... "Wait for a meaningful pullback" before reloading (Long) on this one.

액티브 트레이드:

코멘트:

This is likely to slam down, here!

코멘트:

This is a "big one"!

This is where we will be trading today.

액티브 트레이드:

LONG

코멘트:

We continue to load here, LONG

코멘트:

코멘트:

This ought to be a low maintenance

200 pips here.

코멘트:

Loaded!!

LONG

거래청산: 스탑 닿음:

Got out of the Longs with -12 pips on this break.

Whether the support on the weekly here will hold? ... Doubtful but yet to be seen.
It's a wait and see.
(but at least got very(!!) Short on the USD/CAD, which broke down nicely, as well.)

코멘트:

액티브 트레이드:

Buy it up! - LONG

코멘트:

Buy it up - LONG - With tight Stops!

액티브 트레이드:

This is a strong Buy (LONG) down here as long as this current low holds!

코멘트:

FLAT] - for now. (-18 pips)

코멘트:

액티브 트레이드:

Buy it up! - LONG

액티브 트레이드:

Second chance to get on board! - LONG

코멘트:

SHORT

액티브 트레이드:

SHORT

매매 수동청산:

With trader positioning steadily marching into ever deeper Bullish territory ...

... This pair now is firmly on the Buy side!

코멘트:

This is getting very close to ...

... a major turn!

액티브 트레이드:

This is running into some major resistance here;

Start looking for Short Entries

액티브 트레이드:

First attempt;

Sold SHORT right here, w. 9 pip stop.
Immediate Price Target is 101.70

거래청산: 스탑 닿음:

Obviously, stopped out (-9 pips)
This short squeeze is driven by the (false!) assumption that the RBC "must raise rates", and soon. (... and No, they have no reason to thus, it is rather unlikely.)
If anything, the global raw materials environment is deflationary and with China remaining a shadow of itself, at best, that's an awful big, permanent hole in the demand side of the equation. (That's without even factoring in a US recession.) So, don't drink the CoolAid and prepare to load up short on this pair, very very soon.

코멘트:

Boom!!

That 104.60 was the money shot - Short - on the dot!
Looking for the next 200 pips here.

액티브 트레이드:

This is decisively done for!

Now, if one's lucky, this will form a "right shoulder" here, just to be sure of it's long term direction.

액티브 트레이드:

As this is now working on a Monthly reversal;

it is decisively a long-term SHORT

Here is the Daily;

It may find a little support here, on the 50 Day Ema. Wait for a bounce before going Short.

코멘트:

Not surprisingly the CADJPY;

... has a very similar look to the USDJPY;

액티브 트레이드:

SHORT