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Monday, October 18, 2010

$CADJPY latest analysis

Hello,Hope you have gained more than 200pips in my last short setup on this pair.
This is the latest analysis of this pair.
We can see in the chart above that the pair was exactly bounced off the outer trendline and now head for consolidation of all its down move.
I'm going to wait if the outer trendline is going to be broken or in other case we can chase the price to retest again the upper trendline and wait for price action there.

Regards

1 comment:

  1. I find some very significant analysis in the above article which really helps all the traders, thanks for this article.

    ReplyDelete