Hey guys,
This is my short bias on the cad jpy pair. The cad has been extremely weak in the last couple of weeks . This in addition to the comments from Bank of Canada validates this trade. My areas of interest and strong sells are indicated by the two boxes. Although i am looking for shorts, i still have to see how price reacts at those two key weekly areas. Keep in mind the Iran tensions are still going on which affect cad .
This is my short bias on the cad jpy pair. The cad has been extremely weak in the last couple of weeks . This in addition to the comments from Bank of Canada validates this trade. My areas of interest and strong sells are indicated by the two boxes. Although i am looking for shorts, i still have to see how price reacts at those two key weekly areas. Keep in mind the Iran tensions are still going on which affect cad .