TheForexSamurai

H1 - Short opportunity with multiple technical confluence

Short
TheForexSamurai Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
I got an opportunity to short/sell this market. There could be a potential bearish bat setup (not ideal due to market is uptrending) with a diagonal resistance confluence inside a diagonal channel and RSI bearish divergence as market is nearly overbought. Aggressively sell as price is still inside my PRZ and stops and targets as seen in the chart. Or conservatively sell by waiting for further signal or confirmation such as CRT or the like. Trade with care and don't forget to risk managed. Enjoy and happy trading!

PS. My short/sell position on the USDCAD (floating) could be a hedge trade by a possible short/sell opportunity here. Caveat.
Trade closed: target reached

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