⚜CADJPY SHORT 430pips

Hello Traders, 🙋‍♂️🙋‍♂️🙋‍♂️

Here we have a CADJPY long trade idea. If you like this idea please show your support!

JPY

The Japanese Yen ( JPY ) has been very weak recently however we are anticipating JPY strength soon which will push this pair further down.

This weakness can also be seen in my other ideas, such as GBPJPY which correlated with this pair.


CAD

The Canadian Dollar ( CAD ) has been very strong recently. We have been approaching our trendline for some time and we have been anticipating another touch. We shorted in this location as we can see a trendline & a structure level.
CADJPY has been dropping for some time, this can be seen on my 750 pip CADJPY short idea shared a few months ago. We are expecting some strength in this currency as we are expecting a correction.

CADJPY Shared 20/10/21

In this trade we are risking 30 pips to secure 430 pips!
This has given us a RISK:REWARD of 1:14.33! This is an insane return for the tiny risk.

If you want to improve your trading, check out my other ideas! 📲

Please trade with caution and make sure you set your stop losses! Happy Trading 😁

Be sure to check out my other ideas below!
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