Today we have a potential setup forming for CAD/JPY, on the 1H chart, with a swing trade.
This is an excellent short opportunity with a just over 1:2 risk to reward.
Price has been struggling to find upside for sometime now, and a move to 86.90's is on the horizon.
If price breaks the 87.40 support level, I am expecting a breakdown to our measure target.
This trade could potentially turn into a good long opportunity in the near future if it bounces at our target level.
Feel free to connect with me below :-)
This is an excellent short opportunity with a just over 1:2 risk to reward.
Price has been struggling to find upside for sometime now, and a move to 86.90's is on the horizon.
If price breaks the 87.40 support level, I am expecting a breakdown to our measure target.
This trade could potentially turn into a good long opportunity in the near future if it bounces at our target level.
Feel free to connect with me below :-)
Order cancelled:
Price action did not break below the support level which was required to take a short position, and price also broke the above resistance structure.
Therefore, there is no trade to take here. We will now look for other trades.
Therefore, there is no trade to take here. We will now look for other trades.
