CADJPY - High Probability Reversal
My Analysis show that CAD is extremely overbought and that JPY is extremely oversold. This increases the probability of any technical setup that form to be correct.
Furthermore, We have seen a Bearish Divergence setup forming for the past few weeks on the 4H timeframe. Look for any bearish setup to take a short position.
R:R, 1:8 - (Initial, this will change as the trade develops.)
Good Luck :-)
Furthermore, We have seen a Bearish Divergence setup forming for the past few weeks on the 4H timeframe. Look for any bearish setup to take a short position.
R:R, 1:8 - (Initial, this will change as the trade develops.)
Good Luck :-)
Comment:
Give the CAD some time to weak before entering the trade.