So far today we have 2 potential setups:
– SELL CAD/JPY
– BUY USD/CAD
At first glance, both of these look interesting.
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But if you take a look at the screenshot, you’ll see there is some immediate Support on the CAD/JPY trade. The good news is that it may well break this, the bad news is that if it does, the Stochastics will probably enter the oversold territory, rendering the trade as invalid.
Concerning the USD/CAD, then this seems a better setup. We’ll see later during the day what it brings: