jordanmac
Short

CADJPY - short set up?

FX:CADJPY   Canadian Dollar / Japanese Yen
hey guys there looks to be a good selling opportunity which could take place in the next few days or few weeks, and the moment we're seeing bullish momentum in the market and I'm expecting price to continue to the upside, until we reach my respected resistance zone of 84.984 where would be my preferred entry as it has a better risk:reward ratio, if we do see price reach my respected resistance area and fails to break and close above it and I can see some sort of doji candles indicating a possible reversal, I will be looking to go short on this time and hold this for long term with my take profit area area 75.30. Elliott waves has also confirmed my trade idea and a nice X-A-B-C-D bat pattern being formed

#JugFX
instagram - @foreign_jugfx
Trade active: just a quick update on cadjpy, price has moved to the downside as i was expecting, this trade is currently active and in profit. we have some heavy cad news schudeled for the week ahead, so i will be looking to be making this trade risk free

#JugFX
instagram - @foreign_jugfx

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