UnknownUnicorn772665

CADJPY Short Trade *TRENDLINE BREAK*

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
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 :)

Comments

One of my colleaugues is in this set up from the high, its a nice set up, we were chatting about it last night. I wasnt sure about it then, we all see different things in the charts. It's good we take our own set ups. Wish everyone thats in it muchos Succesos.
+1 Reply
@M-G, Thanks man :)
Reply
Great analysis do you have a telegram channel mate?
+1 Reply
UnknownUnicorn772665 UnknownUnicorn6229869
@UnknownUnicorn6229869, Unfortunately not mate. Add me on instagram if you have any trading questions, message me on there
Reply
Badboy as always ;)
+1 Reply
@FXKing009, Thanks mate :)
Reply
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