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TradeEasy_Today
Nov 23, 2019 11:37 AM

CADJPY SELL Short

Canadian Dollar/Japanese YenFXCM

Description

Our secret emas have previously crossed, see red cross, giving us a quick 1:1 winner previously, did'nt manage targets 2

We have now tested previous support and resistance levels as highlighted by our arrows and white line

A bearish flag has formed

Our entry criteria has been met

Upper bollinger band pierce which happens to be the second time with a 3 bar reversal.

Stops
5 pips above the high
Targets
1 = 1:1 81.397
2 = 1:3 80.827 (big push through daily support here as outlined via red box

Markets are obviously closed for now, we took the entry yesterday evening

Comment

Couldn't have waited for anymore confluence for a good opportunity, onto the next
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