17/07/2013 6:30 GMT

It seems to be good opportunity to open longs on CAD/JPY. Price bounced from Kijun and Kumo. Chinkou Span is at least over price (buy signal). On D1 price also broke Ichimoku Cloud.

Also little stop loss just below last bottoms and Kijun line.

Ichimoku - long on CAD/JPY with little stop loss

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.