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CADJPY: Potential Head and Shoulders top forming
With weaker oil, soft manufacturing data for Canada and inflows to JPY with Euro uncertainties then CADJPY is an ideal shorting candidate. Technically CADJPY may offer a decent opportunity to get short with several areas of resistance to consider fading into. The 96.0 high respected the bearish trendline form the Dec '14 high and may also form the 'Head' of an H&S top formation. Price currently resist above 93-93.20 support which raises potential for a retracement (and 'RS' to form). The Canadian Dollar had a temporary reprieve form 6yr lows following a rebound in Oil. This rebound is now under question as Oil ... (full story)
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- Feb 4, 2015 8:06pm Feb 4, 2015 8:06pm
- traderathome
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- ThinkForex_MS
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- ThinkForex_MS
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- ThinkForex_MS
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- hayseed
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to trade and code, keep both simple... no call to impress....h
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hope for the best and expect the worst.
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- usdoutlaw
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hope for the best and expect the worst.
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- usdoutlaw
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hope for the best and expect the worst.
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- usdoutlaw
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hope for the best and expect the worst.
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- ThinkForex_MS
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