In my previous post about CADJPY i called for a short term short for thrust out from triangle, and this trade quickly materialized in the first few days of trading in 2016.
Now price is bouncing sharply, but not yet back into the channel.
This could be the first sign of bottoming and I'll be looking for a bounce back inside the channel and subsequent correction.
Then I'll go long.
Now price is bouncing sharply, but not yet back into the channel.
This could be the first sign of bottoming and I'll be looking for a bounce back inside the channel and subsequent correction.
Then I'll go long.
