CADJPY Trade Idea Revisited: One Down, One to Go

CADJPY Trade Idea Revisited: One Down, One to Go

On March 25th, I published a trade idea for CADJPY, and from a risk/reward standpoint it looked and still looks quite appealing. The H&S formation highlighted is on the verge of breaking the neckline. First, CADJPY broke down out of a triangle forming …

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Gold Looking Awfully 'Kiwi-like' on a Macro-scale, Sub-900 Cometh…

As many traders do, I rely heavily on charts to guide my analytic process. And, as such, I look for historical chart formations which closely resemble the price action in the market which I am currently focused on. It's good practice to identify …

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Bullish USDOLLAR Setup Continues to Unfold Ahead of Fed Rhetoric, NFP

The US dollar is giving back some of its gains despite better than expected data prints this morning. The consumer confidence survey coming in at 101.3. It may paint a better outlook for the US economy and drive expectations of a mid-2015 rate hike …

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Cable X Update: GBPJPY Well Offered, GBPAUD & GBPCAD Well Bid

In recent days GBPAUD has rocketed off support extending back to September on the back of an extremely weak Aussie. In the short-run it looks like it might be on the overbought side of the ledger, but at this time constructive pullbacks and/or …

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The post CADJPY Trade Idea Revisited: One Down, One to Go appeared first on Forex Success Traders.

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