CADJPY Short Trade Idea
A bearish trade opportunity recently presented itself on the loonie-yen currency pair.
This is indicated by the bearish harami candlestick pattern just below the 110.646 horizontal resistance level.
This shows a rejection of the same resistance level, with potential price move downward ⬇️.
Sufficient downward momentum should see price moving towards the 105.000 psychological level and possibly testing the strength of the 104.281 horizontal support level.
As always, apply appropriate risk management.
Happy trading!
This is indicated by the bearish harami candlestick pattern just below the 110.646 horizontal resistance level.
This shows a rejection of the same resistance level, with potential price move downward ⬇️.
Sufficient downward momentum should see price moving towards the 105.000 psychological level and possibly testing the strength of the 104.281 horizontal support level.
As always, apply appropriate risk management.
Happy trading!
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