Forecast Opportunity

Date Posted:       22 Nov 2019

Ccy Pair:              CADJPY

Trade Action:     BUY

Order Type:        Limit Order

Execution:          Ichimoku Trader

Trade Parameters – PENDING

Stop Loss         81.68                -28 pips

Entry                  81.96

Take Profit       82.80             +84 pips

Chart & Forecast Details

The BOC Gov already has the CAD rallying after recent comments about no immediate rate cuts. On top of that Oil is rallying back $58 and that should put upward pressure on CADJPY. The good news is it doesn’t look like CADJPY has caught up with this move yet. So strong Canadian retail sales data could be the catalyst for a move through the top of the Ichimoku cloud at 81.85.

Key Trade Day: Friday 22nd Nov – CAD Retail Sales

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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