Looking to sell the JPN225 and CADJPY pair from nearby levels. USDJPY is also a viable sell here, but I will not be taking this as I do not want to be overexposed on Yen buys.
Multiple Yen pairs are currently aligned to sell being CADJPY, USDJPY and JPN225. This makes this one I cannot miss.
How it is played is I will be splitting my normal risk between the two pairs. 1% to CADJPY and 1% to JPN225.
Confluences:
Yen cross alignment 2+ pairs
KL (Key levels)
CADJPY Monthly Trendline area.
CADJPY SL: 40 pips
CADJPY TP1: 1:2
JPN225 SL: 180 points
JPN225 TP1: 1:2
Multiple Yen pairs are currently aligned to sell being CADJPY, USDJPY and JPN225. This makes this one I cannot miss.
How it is played is I will be splitting my normal risk between the two pairs. 1% to CADJPY and 1% to JPN225.
Confluences:
Yen cross alignment 2+ pairs
KL (Key levels)
CADJPY Monthly Trendline area.
CADJPY SL: 40 pips
CADJPY TP1: 1:2
JPN225 SL: 180 points
JPN225 TP1: 1:2
Trade active:
Live on CADJPY; 111.750