CADJPY has been locked in a 200 pip range since early February of 2015. This range commenced after the pair lost nearly 1,500 pips between December of 2014 and late January of 2015.

Last week the pair gave us a bullish inside bar + pin bar combination at the 94.35 key support level. This setup was traded by Daily Price Action members, netting us 130 pips.

Read the rest of the article CADJPY Offers Up a Bearish Engulfing Day at Key Resistance

By Guest