CAD/JPY Signal- November 28, 2012
Method: Elliott Waves
Description: Looking at the weak Japanese retail trade and %100 correction that hit 83.200, I expect a drop in the pair toward 0.50 Fibonacci toward 80.00 price point. technically, the trend broke resistance level at 82.600 and further drop is strongly in view. I would gamble CAD/JPY this morning for nearly +250 projected profit.
Recommendation: Sell and Hold
Stop Loss: 83.500
- Currency Pairs