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WhosPipsAreTheseAnyway
Aug 26, 2021 10:17 AM

SHORT CADJPY Short

CAD/JPYOANDA

Description

SHORT CADJPY @ 87.40
TP @ 85
SL @ 88.55

I have decided to sell CADJPY prior to Jackson Hole on Friday as I feel that USDCAD is reaching support lvls and will rip soon. If that is not the case and the USD decides to sell off, well then USDJPY will push lower driving CADJPY lower. We also have key resistance and pivot lvl at 87.40 this making it a good entry for me. CADJPY has rallied a lot in the last week and I feel it is running out of steam up here thus I anticipate the next move in this pair will be lower.

Good luck!

Comment

Trade running nicely in the money (+60 pips)

Comment

Trade running nicely in the money (+200 pips)
Comments
Prisca02
Thank you..
WhosPipsAreTheseAnyway
@Prisca02, No probs, hope its working out for you!
WhosPipsAreTheseAnyway
Trade running nicely in the money (+200 pips)
WhosPipsAreTheseAnyway
Trade running nicely in the money (+60 pips)
ForecastCity_World
Clean analysis, Thank you
WhosPipsAreTheseAnyway
@ForecastCity_World, No probs, hope its working out for you!
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