Trading Videos

Hot Trade: CAD/JPY Long [Combo Trap + OFA]

In terms of the hot trade of the day, the recovery in risk appetite was well telegraphed through the reinvigoration of the CAD/JPY through Europe. The eventual follow through in the bullish price delivery was identified through the OFA script, which served as a reinforcement of the TT or Trap Pattern that also formed around the key support.

✨My name is Ivan Delgado, Market Insights Commentator at Global Prime and FX Trader. I am on a mission to pass on my decade-long knowledge by providing regular market commentary and educationa that is applicable, actionable and insightful (no-nonsense).

πŸ”΄In terms of the hot trade of the day, the recovery in risk appetite was well telegraphed through the reinvigoration of the CAD/JPY through Europe. The eventual follow through in the bullish price delivery was identified through the OFA script, which served as a reinforcement of the TT or Trap Pattern that also formed around the key support.

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πŸ’²If you’d like to access the G8 FX Indices I use, feel free to access the following public document (copy/paste the blue box in tradingview) Β or alteatively, you can access the indices charts via Mataf.net