Short

CADJPY - Short

Updated

Appears overdone, may have a little more upside but likely not far above if at all above our horizontal resistance line at 89.21. Could wait for a reversal pattern to confirm or place a sell above at resistance, else take a small position here and add at or near 89.21 or on reversal confirmation pattern in this or lower time frame. In addition, short of a pretty large further rally, there is nice daily divergence forming not to mention a potential wave pattern developing.

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OOOPS NAILED THAT ONE TOO

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I will have an order in to take a partial at 86.10

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A few hundred pips is good on a partial, let the rest ride with a SL at BE on the remainder

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I think probably going a LOT lower

bitofamacroman

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