CADJPY – BUY – 03/12/2019

CADJPY – BUY – 03/12/2019 (Closed)


CADJPY – Trade Set Up:

The BoC is expected to keep interest rates on hold meaning we could see a stronger CAD later in the week.

The CADJPY has created a bullish technical pattern

The pair have broken a negative trend line, and has created higher highs and higher lows.

 

The pair could be creating an inverted head and shoulders pattern suggesting we could see some further upside.

Trade Set Up : BUY – Market order, stop loss set at 81.30 and take profit set at 82.60

Trade Setup
CADJPY - BUY

Entry
81.93

Take Profit
82.50

Stop Loss
81.30