Opened a new buy position on CAD/JPY at 107.55. Monthly chart is forming a extreme bullish pattern.
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Opened a new buy position on CAD/JPY at 107.55. Monthly chart is forming a extreme bullish pattern.
View attachment 6400
It's been a range market since 1995. At this stage, I'm interested to see how strong is the next pullback to decide whether I need to close the position or collecting the rollovers and wait longer for a higher price. But, I think it's very tricky at this stage and price can even drop to 97 level.Long is correct for all JPY pairs, are you collecting any swaps?
Closed my CADJPY long position with loss.It's been a range market since 1995. At this stage, I'm interested to see how strong is the next pullback to decide whether I need to close the position or collecting the rollovers and wait longer for a higher price. But, I think it's very tricky at this stage and price can even drop to 97 level.
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