Canadian Dollar/Yen Japanese could to forming a possible bought continuation, so, as we was in short position, we closed up this trade as we fall it. this movement. But in based my perspective, we don't see short for now and long for now. At the moment, the market it's move to the upside, but in case that CAD get strength, we could see a bought in the following zone that I mark $104.70 JPY and $104.40 JPY, what we need to closed up and keep away of this trade, if I know it, I closed up this short when we see this bullish movement, what I will take this analysis to work better and not focus in H4 becuase the armonic pattern what I show you fall this prediciton what I thinking. But now, analyzing the H1, we found out that CAD/JPY forming a change of market structure like ascending channel and lower high in the price, what mean a possible change of trend.
I hope that this idea support you, at the moment, we would need to wait a little more, in case to short this trade,we would need to break-out of the EMA 200 and 2nd support zone on $104.35 JPY.
I hope that this idea support you!!!
I hope that this idea support you, at the moment, we would need to wait a little more, in case to short this trade,we would need to break-out of the EMA 200 and 2nd support zone on $104.35 JPY.
I hope that this idea support you!!!
