CADJPY: 3 short entries possible
Analysis on chart, the pair shows a strong downtrend and rgmov prints lower lows while price doesn't.
This is bearish.
Also, price is forming modes lower, validating the downtrend.
Split the entry in 3 parts risking 1/3 of your desired exposure to this trade on each.
TP when target is hit, but you can cover 50-75% once the distance to the stop is reached to make the trade risk free.
Shout out to Anil Mangal for making me look this way.
Good luck,
Ivan.
This is bearish.
Also, price is forming modes lower, validating the downtrend.
Split the entry in 3 parts risking 1/3 of your desired exposure to this trade on each.
TP when target is hit, but you can cover 50-75% once the distance to the stop is reached to make the trade risk free.
Shout out to Anil Mangal for making me look this way.
Good luck,
Ivan.
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