Buy CAD/JPY | NFP trade and analysis for Managed Forex Accounts | Keon Consultancy
If you have watched this video, you know that we were not bullish on USD/CAD despite there was a minor bullish scenario. At the same time, we were bullish in USD/JPY and it made AB=CD to upside whereas we were expecting CD to be at least 127.2% of BC but it apparently became lengthier than expectation, which strengthen bullish context.
NFP as well as unemployment rate came better than forecast, USD/JPY got bullish force but CAD/JPY got greater bullish force, you can see USD/CAD falling. We entered buy in CAD/JPY again and rest has been illustrated on the screenshot.