CAD/JPY Short For a Couple Hundred Pips (Longer Term)
Good Morning,
Identified an ascending triangle via CAD/JPY. If you weren't away, ascending triangles have a higher correlation in breaking down (bearish move) from a previous bear market (exhibited above). Awaiting price to break bullish flag to short. Should price surpass supply zone, pattern will change. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Identified an ascending triangle via CAD/JPY. If you weren't away, ascending triangles have a higher correlation in breaking down (bearish move) from a previous bear market (exhibited above). Awaiting price to break bullish flag to short. Should price surpass supply zone, pattern will change. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Trade closed: target reached:
TP 1 achieved
Trade closed: target reached:
TP 2 achieved
