andrewlickley
Short

CADJPY short idea - swing trade

FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY had recently broken out of a descending channel and is currently re-testing this as well as the resistance level 80.67.
Last week we closed with strong bearish momentum which I feel will carry on to reach our target at 78.45.
I will be waiting for a daily close below 80.67 before entering short.

All tips/comments welcome, I will update this as the trade plays out.
Jun 06
Comment: Price has pulled back further than expected. Still watching.
Price action still bearish.
Jun 10
Order cancelled: Was a fakeout, price now back trading within the channel.
Looking for new set ups.
Trade was not entered as had no confirmation.
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