CADJPY breakout and retest with a bearish engulfing pattern!
CADJPY recently broke an uptrend line that was representative of the minor trend since the end of last month.
After the breakout, we had a small re-test of the same area and then a bearish engulfing pattern that may indicate that sellers are again in control of the market.
With a risk to reward ratio of 1:3, definitely worth considering it.
After the breakout, we had a small re-test of the same area and then a bearish engulfing pattern that may indicate that sellers are again in control of the market.
With a risk to reward ratio of 1:3, definitely worth considering it.
Trade closed: stop reached
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