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Daily Forex Chart Art - Nov. 10, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    CAD/JPY: 1-hour Here's a short and simple trend play on CAD/JPY. See, the pair hasn’t broken its rising channel pattern on the 1-hour chart. What makes the setup interesting is that it’s currently hovering just above a trend line AND 100 SMA support. Not only that, but a bullish divergence is also making itself known on the chart. A small long trade around current levels with stops below the SMAs could give you decent pips if you think the Loonie is in for more gains. On the other hand, a

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