Cad exports a lot of oil. Jpy imports a lot of oil. As a result cadjpy is moved quite a lot by the price of oil. So if oil is falling cadjpy may follow. Sorry to have been so opaque.
Cad exports a lot of oil. Jpy imports a lot of oil. As a result cadjpy is moved quite a lot by the price of oil. So if oil is falling cadjpy may follow. Sorry to have been so opaque.
Ignored
hurmm... look like oil going to hit 100 again...
well explain n info...
Is there a version of HA with alert? Tried searching google with not so good results. All were modified. Really like this style of trading thanks for making a thread.
Is there a version of HA with alert? Tried searching good with not so good results. All were modified. Really like this style of trading thanks for making a thread.
Ignored
No worries, here's the indie, works fine but only signals once the candle has closed.
I've taken the cadjpy trade as I believe it will be profitable but I am just going for 50 pips and moving to +1 when 25 pips up. Let's see how it works out. By the way I should mention all other jpy pairs are falling too so that did influence my decision.
I have to be honest and say I don't like the look of it. The trend is definitely slowing down. These trades may work but it would be safer to wait for a proper trend to develop again.
Here's that gold trade 175 pips up as we speak. I've moved to break even to be on the safe side. That's an hourly chart, hopefully if it does pullback that support will become resistance.
