I have noticed that JPY has been strong against all the other currencies and this particular pair looked the best to me. The purple line above is the 1HR S&R. Seeing as though the market has breached it and is holding below and paired with the strength of the Yen,I'm looking to short CAD/JPY. Ive noticed on the 15 min,a range has developed,so I'm thinking of shorting the top of the range depending on how the market approaches that area(as seen by my drawing).
Orden cancelada:
The market ran away before I could get the setup I was anticipating,hence no trade.