Shorting CADJPY with Weekly Chart Alignment & Intricate Analysis

Dec 25, 2023

If you missed the chance to capitalize on the sell limit at 110.36 aligned with the Weekly Chart's Shark Pattern on CADJPY, amounting to a 306-pip move (~3,060 USD/lot), don't dwell on the past.

Now, there's a fresh opportunity presenting itself on the 1-hourly chart – a Bearish Shark Pattern gearing up to complete around 108.01. To optimize this trading chance, exercise patience and await candlestick confirmation before entering the trade.

Are you eyeing this CADJPY setup? Share your thoughts below!

Dec 28, 2023

Trade closed: target reached

TP1 Attained: 107.33(+64)(464.10usd/lot)
Stop-Loss Entry: 107.90(+7) Risk-Free Trade
TP2 Attained: 106.77(+120)855usd/lot