CADJPY Short - Bear Rally Into Cypher

I see a lot of momentum this morning as the Canadian dollar is losing strength and money flows into risk off assets like the yen. This pair has a propensity to continue downward, with conservative profit target at the completion of a cypher pattern on the larger timeframe. All levels on chart as always. Cheers

Trade active

Comment:

First target hit. Moving SL to breakeven

Trade closed: target reached:

Pair is losing momentum, not enough for me to hold to cypher, taking profit here. Cheers!