CADJPY: Possible Short Opportunity in the Works | Forex Forecast for January 22, 2020

Can the CADJPY reach the top of a channel that has been in place for two years?
Or will the pair reverse before ever reaching that channel top?
Watch today’s video to get my thoughts.

RESOURCES & LINKS:
_____________________________________________

Subscribe to Justin’s Channel Today:
http://bit.ly/2lTRJCh

Get Access to New York Close Forex Charts:
https://www.blueberrymarkets.com/lp/dailypriceaction

Join Justin’s YouTube channel to get access to 5-10 Forex videos every week:
http://bit.ly/2PKnKJD

CADJPY: Possible Short Opportunity in the Works
https://dailypriceaction.com/setups/cadjpy-possible-short-opportunity/

Need help with your trading? Join DPA today!
https://swingtrading.dailypriceaction.com/lifetime-membership

_____________________________________________

CADJPY buyers are closing in on a significant resistance level.

The descending channel that extends from the 2018 high has directed the price action here ever since.

That channel resistance is now less than 100 pips from today’s price.

So, will CADJPY reach that area and possibly reverse from it?

The truth is, nobody knows what will happen.

Continue reading on the blog…
https://dailypriceaction.com/setups/cadjpy-possible-short-opportunity/

Subscribe: http://bit.ly/2lTRJCh to learn more Forex tips and strategies.
Get free Forex setups: https://dailypriceaction.com/setups
Read more on my blog: https://dailypriceaction.com/blog

#CADJPY #Forex #ForexForecast

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.