Evening Traders, Today’s analysis – CADJPY – trading with a bullish market structure, further upside probable, Points to consider, – Price Action Impulsive
– Dynamic S/R Support
– Swing High Objective
– Low Volume CADJPY’s immediate price action is impulsive, trading above its dynamic s/r with further upside being imminent. The swing high is the current objective, exceeding this level increases the probability of a trend continuation. The current volume profile is below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, ‘’No one strategy is correct all the time’’.- John Paulson



more…

READ  GBPNOK Target Price 11.94386 (2.11R) for FOREXCOM:GBPNOK by flytheus