CADJPY 2015/06/30. Looking to sell under 99.

stephane

Private, 1st Class
Messages
114
CADJPY did not manage to close its weekly bearish gap but instead went south, breaking down a psychological level at 99 and a 50 fib support level. The pair is now struggling with the daily 200 SMA around 98,4, and I expect it to consolidate a little bit above it, but as long ad we remain under 99, I will try to sell signals to go to the 100 SMA located near 97,5, altogether with the 38,2 fib support level.
I already opened a short yesterday at 93,3. My stop is at be, and I am willing to add to the trade should I get a new signal.

CADJPY_D.png
 

stephane

Private, 1st Class
Messages
114
Update 2015/08/04
we broke an important support yesterday at 94,5. Keeping in mind the support level around 93,75 (,786 fib), it may be worth a short on a retest.

CADJPY.png
 
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