CADJPY Short Trade *TRENDLINE BREAK*
Nice TL break and rejections of the daily pivot level form below. We have a lower high forming and I am confident price will now make it's way back down to near term support at 75.500
Nice R:R of 4:1 and stop loss conservative above the current wicks.
Nice R:R of 4:1 and stop loss conservative above the current wicks.
Trade active
Note
Nice bearish momentum now. Lower highs and lower lows made on the 1hr timeframe. This should reach TP this week.Note
TP1 almost reached. I believe CADJPY can go to 75.00 next quite easilyTrade closed: target reached
Profits taken at TP1, waiting for 75.00 next and will hold until further notice. Thanks :)
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