Hello Fellow Traders,
Here's an interesting setup upcoming on CAD/JPY.
Based on the review of daily chart, it clearly suggests that price has bounced from the demand zone of 95.70 - 94.70 area. If we see the fall from 100.50 area, which has one stop in midway (at 97.90 price level), there is otherwise no stopping. Henceforth, this pair is poised to go higher from 95.20'ish price level, towards 100.60, approximately 550 pips upmove with a risk of 50-80 pips.
This is all for now, thanks for reading and please post your comments.
Here's an interesting setup upcoming on CAD/JPY.
Based on the review of daily chart, it clearly suggests that price has bounced from the demand zone of 95.70 - 94.70 area. If we see the fall from 100.50 area, which has one stop in midway (at 97.90 price level), there is otherwise no stopping. Henceforth, this pair is poised to go higher from 95.20'ish price level, towards 100.60, approximately 550 pips upmove with a risk of 50-80 pips.
This is all for now, thanks for reading and please post your comments.
