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UnknownUnicorn772665

CADJPY Short Trade *TRENDLINE BREAK*

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
UnknownUnicorn772665 Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis CADJPY CAD jpy shorttrade
14
6
trendanalysis chartpattern waveanalysis cadjpy cad jpy shorttrade
Nice TL break and rejections of the daily pivot level form below. We have a lower high forming and I am confident price will now make it's way back down to near term support at 75.500

Nice R:R of 4:1 and stop loss conservative above the current wicks.
Trade active
Comment:
Nice bearish momentum now. Lower highs and lower lows made on the 1hr timeframe. This should reach TP this week.
Comment:
TP1 almost reached. I believe CADJPY can go to 75.00 next quite easily
Trade closed: target reached:
Profits taken at TP1, waiting for 75.00 next and will hold until further notice. Thanks :)

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