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FuturesForexClasses

CADJPY / H1 / Daily Forex Technical Analysis / 9.6.2019

Short
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
FuturesForexClasses  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CADJPY cadjpyshort h1 Forex dailyanalysis forexsignals forextrading Technical Analysis september2019
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trendanalysis harmonicpatterns chartpattern cadjpy cadjpyshort h1 forex dailyanalysis forexsignals forextrading technicalanalysis september2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 6th, 2019 and we will be taking a look at the Canadian Dollar against the Japanese Yen. Looking at the 1 hour time frame we can see price action has attempted to reach its previous highs near the 81.1 region, but failed to make a higher high. We will be looking for an opportunity to find a short with optimal conditions to benefit from. Entry for a Short position near the 80.767 area, with a Stop Loss near the 81.072 region, to possibly ensure a profitable trade with a 1.71 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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