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HayatoDragonFX

CADJPY, 4hr tf, double top pattern in play

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
HayatoDragonFX  
FX:CADJPY   Canadian Dollar / Japanese Yen
Support and Resistance Double Top or Bottom Elliott Wave CADJPY cadjpyshort cadjpysell cadjpyanalysis priceaction priceactionanalysis elliottwaveforecasts Double Top
2
0
supportandresistance doubletoporbottom elliottwaves cadjpy cadjpyshort cadjpysell cadjpyanalysis priceaction priceactionanalysis elliottwaveforecasts doubletop

Previously i managed to took profits on this pair for +105 pips when i first call to sell it on Tuesday.
It is now retracing back up on a nice point to enter sell again after yesterday BoC meeting.

As you can see there is a double top pattern in play and we might see another drop soon on this pair as risk off sentiment and oil price on the verge off dropping.

Sell CADJPY 86.40
Stop loss 87.00
Take profit 84.40 (3.3R)

Use only 1-2% risk
Good luck

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