The pair is looking ready to breakout to the upside after already having a smaller degree breakout, I would be buying this pair once a break is confirmed for some decent targets.
Komentarz
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Doesn't look like it can break to the top side, a break down is a good short term sell
I see several signals on JPY pairs that they may head for a bearish pullbacks.
I agree with the longer term view that CADJPY will break higher, but perhaps it'll be after a deeper retracement.
I think that you've called it right - Wait for the breakout to confirm potential bullish move
piphunters
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yes quite possible they go down another lag
pipizer
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Awesome and the double bottom also confirms it.... Good work love you
piphunters
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thank you
CoreTradingSystem
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the double bottom confirms as much as the double top does, as i see it if you look at the range time the next two week should give us an accurate perspective towards where the price is heading, my estimate is we still are in a bearish trend, that is long-term. Great pips to you all !
kongjun
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Worship you, see a lot of graphics, are very fond of.
piphunters
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thanks
jrybinski
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Do you think that after this break above it will go back to short?
piphunters
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if it breaks up why would it go back down again immeadiately?
jrybinski
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I don't know. I am learning :) Started trading in December '15
I agree with the longer term view that CADJPY will break higher, but perhaps it'll be after a deeper retracement.
I think that you've called it right - Wait for the breakout to confirm potential bullish move