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CADJPY Idea

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
WonderTrading  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis CADJPY cadjpyshort cadjpyanalysis cadjpysignal cadjpyidea cadjpyforecast cadjpysetup cadjpytrade cadjpysell
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trendanalysis chartpattern fundamental cadjpy cadjpyshort cadjpyanalysis cadjpysignal cadjpyidea cadjpyforecast cadjpysetup cadjpytrade cadjpysell
Analyzing the 1h chart, we have a break in the trendline and as it usually happens 80% of the time, the pair comes to retest it.
If we see that the trendline acts as a resistance, which coincidentally coincides with the 61.8 fib level, we have enough confluences to support a short position.

R/W - 1/5.7
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