UnknownUnicorn772665

CADJPY Short Trade *TRENDLINE BREAK*

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Nice TL break and rejections of the daily pivot level form below. We have a lower high forming and I am confident price will now make it's way back down to near term support at 75.500

Nice R:R of 4:1 and stop loss conservative above the current wicks.
Trade active
Comment: Nice bearish momentum now. Lower highs and lower lows made on the 1hr timeframe. This should reach TP this week.
Comment: TP1 almost reached. I believe CADJPY can go to 75.00 next quite easily
Trade closed: target reached: Profits taken at TP1, waiting for 75.00 next and will hold until further notice. Thanks :)