Current situation on CADJPY Short

CAD/JPYOANDA

Description

⋅ Aug 26, 2020 6:46 AM

The pair is currently rejecting from a major level of resistance. The lower time-frames indicate a trend reversal.
A short position with a tight stop-loss and a take-profit at 1:3 risk reward is preferable.
the opportunity is in the 4 Hr time frame.