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Monday, 20 July 2009

Round up time on the CADJPY

Good Morning Dynamic Traders

Hope you all had a great weekend and are ready for another week of trading!

On Friday I finished saying that I wouldn’t be surprised to see price start climbing again. If you look at the day chart below you will see that price has did start to climb again.













Over the past 2 weeks we have see price do many things. It has offered us potential profits for a short time trade and potentially long term trades. It has been quite an interesting chart to following, because we had a head ‘n’ shoulder formation which would normally indicate a price reversal! This reversal didn’t really happen as we saw during the 2 weeks.

I’m now going to finish follow the CADJPY and we will be leaving it with a continuation to the up.
Remember to always carry out your own analysis

Carpe Diem

Richard Monnery

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