Possible CAD/JPY Short Position!!

OANDA:CADJPY   Canadian Dollar / Japanese Yen

SMP Strategy

Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 80.100
C - Fundamentals that may affect the pair
USD Retail Sales on the 16th Oct @ 22:30 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 80.100
Target 2 @ ....

Risk/Reward @ 3.5.1

Happy trading :)

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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!


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