CAD/JPY Signal- November 30, 2012
Forex pairs in this Article »
CAD/JPY
By: DailyForex.com
Currency: CAD/JPY Method: Elliott Waves Description: Strategic options in Technical analysis, We expected a drop follows motive wave as of (C) of Larger Zigzag that reached %100. I will take the second trading option of flat correction after the fifth that reached 83.200. I will hold my short call on this pair looking for a drop especially that the RSI has failed to reach its previous top which indicate a divergence still in power. Recommendation: Sell and Hold Stop Loss: 83.500 Target: 81.500
Currency: CAD/JPY Method: Elliott Waves Description: Strategic options in Technical analysis, We expected a drop follows motive wave as of (C) of Larger Zigzag that reached %100. I will take the second trading option of flat correction after the fifth that reached 83.200. I will hold my short call on this pair looking for a drop especially that the RSI has failed to reach its previous top which indicate a divergence still in power. Recommendation: Sell and Hold Stop Loss: 83.500 Target: 81.500
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