memit

CADJPY Short Daily/4-hour

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
This is a potential short on the CADJPY pair. Price has broken the daily/weekly trend-line to the downside and it now retesting it as resistance. The 4-hour shows this as a nice bear flag . I will wait for price on the 4-hour to break and close below the 4-hour bear flag before entering. TP would be at at the dotted line.
Trade closed: target reached