Thu, 27 Feb 2014 14:52:36 GMT
CAD/JPY 4H Chart: Triangle
A 176-bar long triangle was formed by CAD/JPY on a 4H chart. The pattern, however, is moving to its apex as both trend lines will converge on March 3, while the pair is already trading below the lower boundary. At the moment of writing almost 66% of traders were holding short positions, supporting the case of pair's depreciation. Moreover,