Unlocking Profits: Utilizing Probabilities for CADJPY Longs

2024년 9월 11일

The Canadian Dollar to Japanese Yen (CADJPY) pair is showing promising bullish potential, supported by several key fundamental factors:

Global Economic Recovery: As the world continues to rebound from recent economic challenges, risk appetite is increasing. This trend typically favors the Canadian Dollar over the safe-haven Japanese Yen.

Commodity Prices: With Canada being a major exporter of commodities, the recent surge in oil prices is likely to bolster the Canadian economy and, by extension, its currency.

Bank of Canada's Stance: The Bank of Canada's relatively hawkish monetary policy compared to the Bank of Japan's ultra-loose policy is creating a favorable interest rate differential for the Canadian Dollar.


Utilizing Probabilities for Long Positions

In this trade idea, I'm employing a probabilistic approach to enter long positions on CADJPY. By combining fundamental analysis with a probabilistic approach to chart reading, I aim to capitalize on the potential upside in CADJPY while maintaining a disciplined and systematic trading strategy.



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2024년 9월 11일

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