forexscalpingmusic
Rising triangle breakout 10 6 2015
Rising triangle breakout cadjpy
Rising triangle breakout in cadjpy 240 min
Here’s a setup that I’ve been watching for sometime: a rising triangle on CAD/JPY. Now that it’s broken to the upside, is it an opportunity to buy with minimum stop loss.
Over the course of April and May, we saw the major psychological level of 100.00 hold as resistance, at least until last week when we saw a better-than-expected jobs report from Canada. Now that 100.00 is broken, will momentum buyers hop in to play this pair long?With the longer-term trend on the yen continues to be bearish (BOJ likely to continue huge quantitative easing program), and the recent Canadian jobs data could convince the Bank of Canada to hold off on a rate cut.
Of course, there are risks to the downside, and probably the biggest o
forexmusic.com/tradingmusic/2015/06/10/rising-triangle-br...
Rising triangle breakout 10 6 2015
Rising triangle breakout cadjpy
Rising triangle breakout in cadjpy 240 min
Here’s a setup that I’ve been watching for sometime: a rising triangle on CAD/JPY. Now that it’s broken to the upside, is it an opportunity to buy with minimum stop loss.
Over the course of April and May, we saw the major psychological level of 100.00 hold as resistance, at least until last week when we saw a better-than-expected jobs report from Canada. Now that 100.00 is broken, will momentum buyers hop in to play this pair long?With the longer-term trend on the yen continues to be bearish (BOJ likely to continue huge quantitative easing program), and the recent Canadian jobs data could convince the Bank of Canada to hold off on a rate cut.
Of course, there are risks to the downside, and probably the biggest o
forexmusic.com/tradingmusic/2015/06/10/rising-triangle-br...