CADJPY WEEKLY Rare Long-Term Buy Opportunity Approaching
CADJPY on a Weekly basis is approaching a very long term historical low.
This provides an excellent and rare position-trade opportunity that offers a lot of
potential upside relative to the risk.
Tremendous area of value for a long-term trading opportunity.
*NOTE* Although I'll be favoring longs as I'm suspecting big money to come
in building long positions at the upcoming discounted prices still be sure to keep an eye on the price action
at the significant area of support. Depending on global macro economic risk factors,
the price of oil, and the BOJ, we could see price head lower, which will offer
its own trading opportunities to the downside.
This provides an excellent and rare position-trade opportunity that offers a lot of
potential upside relative to the risk.
Tremendous area of value for a long-term trading opportunity.
*NOTE* Although I'll be favoring longs as I'm suspecting big money to come
in building long positions at the upcoming discounted prices still be sure to keep an eye on the price action
at the significant area of support. Depending on global macro economic risk factors,
the price of oil, and the BOJ, we could see price head lower, which will offer
its own trading opportunities to the downside.