CADJPY short for 260 pips

FX:CADJPY   Canadian Dollar / Japanese Yen
Hi traders,

We have seen a nice bearish setup buliding on this pair on the daily time frame as well as smaller time frame. We may see a temporary retracement upwards before pushing down. I have placed the sell order accordingly and marked the tp and sl for you as well.

Let me know your thoughts.

Trade safe and good luck.
Comment: Moved sl to entry for a risk free trade.


hi, first of all, great trade suggestion, currently on 100 pips profit. where is the best TP point?
thank you
+1 Reply
BannaKhan iammrferrari
@iammrferrari, I would take half of my profit at 75.000 and remaining profit at where I have marked as tp usually I do trailing stops when looking for 2nd tp. Hope this helps.

iammrferrari BannaKhan
@BannaKhan, you are a star, an other 70 pips to go then!!
+1 Reply
BannaKhan iammrferrari
@iammrferrari, That's right. Thank you