My picks: Long CADJPY (Pending)
Expertise: Global Macro, Classic Technical Analysis
Average Time Frame of Trades: 1 week - 6 months
CADJPY has been trending higher in a well-defined rising channel since January. Prices are now stalling in the middle of the formation and three back-to-back Star candlesticks indicative of indecision. Look for a pullback to the channel bottom near 81.00 to enter long to trade with the next leg of the uptrend.
