CAD/JPY: finally SHORT
Updated
Confluences:
1/ Trend
2/ Fib play
3/ 91 as resistance
4/ High test candle ( 2 in a row )
5/ Bearish MACD
6/ We are bouncing of the 200 EMA on the Weekly chart
After day one of the trade, U can see that we broke the CTL, which is a great sign for this pair to finally head lower again.
It is not too late to enter, because today we got a pullback.
Target 89
1/ Trend
2/ Fib play
3/ 91 as resistance
4/ High test candle ( 2 in a row )
5/ Bearish MACD
6/ We are bouncing of the 200 EMA on the Weekly chart
After day one of the trade, U can see that we broke the CTL, which is a great sign for this pair to finally head lower again.
It is not too late to enter, because today we got a pullback.
Target 89
Trade closed: target reached
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