CAD/JPY has been making continuously lower highs with strong resistance on the trend-line from the middle of July until today.
I am expecting compression to start happening around 78.500. I will be looking for the center trend line crack at around 78.345, to start the ride down to 74.687.
Stop Loss - 79.300
Take Profit #1 - 77.326
Take Profit #2 - 76.347
Take Profit #3 - 74.787
This is not guaranteed to profit & you can lose a significant amount of money in the Forex market. Investing.com & PipsUniversity.com are not responsible for your losses. Please trade at your own risk.
I am expecting compression to start happening around 78.500. I will be looking for the center trend line crack at around 78.345, to start the ride down to 74.687.
Stop Loss - 79.300
Take Profit #1 - 77.326
Take Profit #2 - 76.347
Take Profit #3 - 74.787
This is not guaranteed to profit & you can lose a significant amount of money in the Forex market. Investing.com & PipsUniversity.com are not responsible for your losses. Please trade at your own risk.