Bishal1

CAD/JPY 4H SHORT POSITION

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
SHORT POSITION:
Market is currently in an upwards trend channel, however this channel
has now been broken and retested at the channel, resistance and
Fibonacci level of 0.382

Since price has already broke and retested I am now looking for an entry
since I hesitated the initial retest during last weeks session.

Another idea is to wait for price to break and retest the daily support level of
82.500 as this will help confirm the down trend.

Comments

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