CADJPY SHORT SHORT SHORT? [SIMPLE TREND CONTINUATION PATTERN]
Updated
CADJPY1D: Simple downtrend pattern can be seen on the chart. Price Breakout Support zone @ BRN 85.000 (Support Become Resistance)
If Price retrace back to that level... SELL
4H: Price is reaching 85.000 BRN zone. Look for any Candlestick reversal signal (CRS) for entry confirmation would be better.
Targeted entry level:
Sell limit @ 85.000
SL @ 85.500
TP @ 84.000
RRR 1: 2
TAYOR
Trade active
Triggered and approaching my TP level. I'm assuming price will go lower. Anyway... my reward is filled.
Moved my SL entry price.
Risk Free trade and is time to look for another trading opportunity.
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