CAD/JPY Hinting Collapse, 400 Pip Drop Expected
CAD/JPY has been making continuously lower highs with strong resistance on the trend-line from the middle of July until today. I am expecting compression to start happening around 78.500. I will be looking for the center trend line crack at around 78.345, to start the ride down to 74.687.Stop Loss – 79.300Take Profit #1 – 77.326Take Profit #2 – 76.347Take Profit #3 – 74.787This is not guaranteed to profit & you can lose a significant amount of money in the Forex market. Investing.com & PipsUniversity.com are not responsible for your losses. Please trade at your own risk.