The Canadian Dollar Japanese Yen intraday.

Good morning Dynamic Traders,

I am able to do a quick post today for any of you intraday traders, which is of the CADJPY on the 4 hour timeframe.

The daily short term trend is down and price is at present attempting to re-test the V.I.

The 4 hour chart below is showing an OB GetStochastic with false bars to the downside, whilst standing at the golden mean and a '00' figure, but here the V.I. is a little further north.

Although it is not in the position for me to trade immediately as I am waiting for some more of my confluences, I am keeping it on my watchlist for a possible short, should this situation arise.

As always please do your own analysis before trading.


Don't forget NFP and due to this there will be no post tomorrow.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.