CADJPY Two long setups on 4H
By looking at the daily chart , I came up with two possible long setups with the first one very close to the current price.
First entry zone
A bit aggressive. I will pay close attention to it.
Second entry zone
This one is more comfortable from my side.
CAD is a commodity currency which correlates with crude oil . JPY is a safe-haven asset. Normally investors tend to flood into the currency against the backdrop of uncertainty. Now, news pertaining to vaccine is good. US election is done. The recent 2nd or 3rd wave of covid-19 loom the future economy, other factors seems favor the currency pair.
So let's see!
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.