CAD/JPY

Scalp sell @ 8081

would be safe if yen crosses under 78.00

exit. the yen is contradicting my plan.

80.70 is well protected. Everytime it bounces. If it breaches will take again short position.

I expect a break in the next few hours. If it happens, it could be explosive.
SL under 8070.
GL all, if you follow.

79.00 passed on UJ. Means for cadjpy. If I'm alone to benefit from this move. So let it be.

98 pips since yesterday

Well done ! Hope that you banked. May be it is now reversing. I took a short!

It' sure does look to be coming back right now for sure but I'll hold until closing then I'll liquidate don't like holding over the weekend

Just my 2 cents. the last time it has taken almost the 90% profit that I made. I had to reverse and battle hard to take it back. GL. Happy to see that some one else trade this pair and post in this thread. I stopped posting in this thread, because that was a monologue.

Hey Max We can do it if you want to I like this pair in fact exotic's are my thing regardless of spreads because of the wild movement my thoughts way back when I first started this was what if I can tame(learn to read) the exotics wild and hectic price movements first then the majors would be a breeze like doing the hard tasks first and saving the easy tasks for last and sure this method to my madness has worked out for me anyways I won't recommend to anybody else though this road unless your brain is up to the challenge newbs really should start with the majors as traditionally spoken "this is a long road don't make it longer for yourself like I did"

But anyway I forgot to close trades over the weekend oh well price didn't break the 48 ema anyway it only reached the 40 ema on the 30m chart

And on the 4hr chart the 18 ema(magneta horizontal line on 30m) is only a little over the round number 80.00 at 80.009 so i'll hold this long for now, what do you think are you still holding your short?

How much lower can it go let's see

She's capricious but very nice when in the mood and the good tempo.
See also my weekly chart above (n°45)

Ah important, wait for the release of data in 10 min.

I'm counting on there being so many averaged periods under price plus the bounce off the round number that this baby can't come crashing (at least no time soon) through all them levels plotted on the 30m chart ^_^ Although there is like a quadruple top *) ^_^ going on right here,right now

Note on 4hr chart how the 24 and 48 hr Money Flow are both over the 50

And of course they went on ahead and pushed the price back through all them levels

it's in between the 10,4 and 2 day period just under the round number also
just to show the power of price action patterns vs indy's
There was a super duper quadruple top vs the price's past averaged periods will liquidate before weekend close

forgot to post shots as observed price is 20 pips under entry

Price looks tumish it doesn't want to move anywhere all daily periods are under price which just bounced off the 2 day but is still under all intraday periods I'll wait to see if price break and close and retrace the 2 day to sell at around 80.17 and to buy I'll play it conservative since round number 80.50 is right there I'll wait for the break of that to buy

should of jumped in last night expecting price to bust through all intraday and daily levels just like it did I wanted to wait though because it should 've been a really choppy ride up like it was and who likes drawdown ^_^

But around 40 pips later here it is there should be some more juice left in this run the harmonic pattern(I found somewhere) also supports the burst through all levels including the sick money flow divergence since last night on the 30m chart

And here the 4hr chart show price still in a range but all 3 money flow periods are pointing up which are the 1,2,and 3 day periods

You are right. It's still cheap, so not late to enter IMO. I'm in.
GL