Wednesday 4 June 2014

CADJPY - Follow up to Long trade

This is a continuation of my previous post here.

After a few hiccups, price seems to be slowly treading along to the upside. The target is towards 95.536, which seems to be a very deep correction to the actual downtrend. Nothing much has changed to the analysis, I just added the Median Line to gain perspective.

CADJPY - Renko Chart, Long Position
An alternate view from ATR's Renko settings shows a double bottom that was just broken upwards, targeting 95.6.

Bullish CADJPY, Alternate View

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