TradingView
OGFXTRADER
Sep 10, 2020 4:11 PM

CADJPY SHORT PRICE ACTION FORECAST  Short

Canadian Dollar/Japanese YenFXCM

Description

The price action has respected the descending trendline and form a bearish pin bar to confirm a downward pressure in the pair. The price structure allows the setup for a short entry with the following characteristics.

The order:
Type: sell-stop
S/L: 38 pips - R:R | 1:3 -
T/P: support zone towards the ascending trendline

--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
More