IntraDay Short on CADJPY - Wait for H4/H1 bearish candle
This is an intraday short on a bullish pair
The main idea is that this pair is overextended and thus we are waiting at H4 for a short candle to occur before taking a short on this to the support zone
If there isn't any bearish candle, we will not take the trade.
EP: 84.15
SL: 84.45
TP: 83.60
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The main idea is that this pair is overextended and thus we are waiting at H4 for a short candle to occur before taking a short on this to the support zone
If there isn't any bearish candle, we will not take the trade.
EP: 84.15
SL: 84.45
TP: 83.60
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade closed: target reached
Comment:
We will be looking for further short on this pair once it retraces to the previous resistance zone
