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CAD/JPY: Short entry triggered
Canadian Dollar / Japanese Yen
Short
CAD/JPY: Short entry triggered
By SwissPips
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Updated
May 8, 2020
8
Cheer
Cheer
May 8, 2020
Hey guys,
Just wanted to share the trade I took this morning, it's on CAD/JPY.
I have spotted a strong divergence on volumes as price was going up.
My short entry was triggered and I am targeting now the bottom of the structure.
Even though we are above the cloud on higher timeframes I believe the pair is overbought and is currently pullingback.
We've got high impact news this afternoon so I don't think I will keep the trade if it doesn't reach my target by then.
*** Trade at your own risk ***
May 8, 2020
Comment
May 8, 2020
Comment
I am shorting from the top of the structure with a tight SL
May 8, 2020
Comment
May 8, 2020
Comment
Same target 76.090
May 10, 2020
Comment
Will add shorts as soon as it breaks the structure to the downside
CAD
CADJPY
Chart Patterns
Divergence
jpy
pattern
short
Trend Analysis
volumes
SwissPips
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