3 Reasons Why We're Selling CAD/JPY [Video]

Rob Colville The Lazy Trader

We discuss the technical analysis which underpins our bearish daily projection for CADJPY as we pass the middle of March. Last Friday’s bearish pin-bar reversal on the daily time rejected a major Fibonacci level and closed significantly both as an outside bar and a lower high. Moreover, time-frame correlation on the hourly chart based on the break of trend line support and the retest as trend line resistance supports our bearish view.

Author

Rob Colville

The Lazy Trader

The self-styled “Lazy Trader” has trained thousands of private investors around the globe and has created a globally renowned currency training brand, The Lazy Trader.

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