Could the Bears Push the CAD/JPY to the 81.16 Level?
💡 Trade Idea
📈 Sell Order CAD/JPY @ 81.16
🎯 Target Profit 80.61
🛑 Stop Loss 81.31
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading withing a wedge formation after showing a head and shoulders on higher time frame indicating a potential reversal from upward movement to a downward one. The price managed to break the trendline, by posting a bearish candlestick signaling a potential downward movement.
📈 Sell Order CAD/JPY @ 81.16
🎯 Target Profit 80.61
🛑 Stop Loss 81.31
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading withing a wedge formation after showing a head and shoulders on higher time frame indicating a potential reversal from upward movement to a downward one. The price managed to break the trendline, by posting a bearish candlestick signaling a potential downward movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.