CADJPY Selling Opportunity
Updated
A longterm selling opportunity for CADJPY. Price has rejected the trendline on daily time frame which now has act as a resistance. price may retest the trendline, I would enter once the trendline breaks on the 4hr chart.
SL is placed above the trendline, which is 83.35
Profit Target: Below S/R can be used as profit targets.
Tp1: 82.50
Tp2: 79.75
Tp3: 76.80
As this a longterm trade, it may take days or week to reach the targets.
SL is placed above the trendline, which is 83.35
Profit Target: Below S/R can be used as profit targets.
Tp1: 82.50
Tp2: 79.75
Tp3: 76.80
As this a longterm trade, it may take days or week to reach the targets.
Note
4hr Trendline has has broken.
Open: 84.00
SL: 84.60
TP: Mentioned above.
Trade closed: target reached
TP1 reached with 150 pips.
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