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Ometrading
29. Mrz. 2017 21:58

1H structure- CADJPY 

Canadian Dollar/Japanese YenFXCM

Beschreibung

Pair is showing some indecision to follow that new 1 hour impulse. Maybe we will have some correction to the bottom of channel(83,10 aprox). Then, if price don't break that channel, probably a new impulse till top of channel will appear. Then, a 61,8 fibonacci retracement would be completed, and a new possible bearish scenario will emerge.

Kommentar

61,8 fibonacci retracement has been reached. Waiting for a break of the channel to go short
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