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.
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Nice bearish momentum now. Lower highs and lower lows made on the 1hr timeframe. This should reach TP this week.
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TP1 almost reached. I believe CADJPY can go to 75.00 next quite easily
Trade closed: target reached
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Profits taken at TP1, waiting for 75.00 next and will hold until further notice. Thanks :)
One of my colleaugues is in this set up from the high, its a nice set up, we were chatting about it last night. I wasnt sure about it then, we all see different things in the charts. It's good we take our own set ups. Wish everyone thats in it muchos Succesos.