Last of couple of days with the CADJPY
Good Morning Dynamic Traders
Yesterday morning we saw price drop after a rapid climb, but during the course of the day price seemed to manage to the find the strength to stop falling! If you look at the 4hr chart below you can see clearly where price has dropped and then started to oscillate. What is also helping price to find some strength is the VI.
This isn’t too much of a problem that price is currently oscillating and doesn’t necessarily mean that price will continue to fall. You should be aware by now that a healthy trend involves price taking time for a breather. Personally I really wouldn’t be surprised to see price start climbing again.
However always make sure that you carry out your own analysis.
Hope you all have a great weekend!
Carpe Diem
Richard Monnery
Yesterday morning we saw price drop after a rapid climb, but during the course of the day price seemed to manage to the find the strength to stop falling! If you look at the 4hr chart below you can see clearly where price has dropped and then started to oscillate. What is also helping price to find some strength is the VI.
This isn’t too much of a problem that price is currently oscillating and doesn’t necessarily mean that price will continue to fall. You should be aware by now that a healthy trend involves price taking time for a breather. Personally I really wouldn’t be surprised to see price start climbing again.
However always make sure that you carry out your own analysis.
Hope you all have a great weekend!
Carpe Diem
Richard Monnery
Labels: CADJPY
posted by Richard Monnery @ 11:10
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