CADJPY has been on the bull run for the past 3 days. this may be the time that we can short this pair and close our longs in it.
It has strong resistance at this point. So, we will be taking a short if and only if prices close below this resistance level and follow the next day the downtrend.
So maybe tomorrow we will be taking the short for the target of 77.700...
Please Consult Your Financial Advisor Before Taking Any Decision.
Note: Always risk 1% of the account size per trade.
FX:CADJPY Long set up at 79.310 with 18 pips stop below and 2:1 target.
Adjust position size according to 1% risk.