Johanes
Short

JLS Trade: CADJPY Target Zone, Price Trend & Price Trend Channel

FX:CADJPY   Canadian Dollar / Japanese Yen
I am still on short/sell trading on CADJPY to target her lower ceiling estimated at 75.50. The 75.50 is subjec to final price of the USDJPY at lower ceiling and USDCAD at upper ceiling.

The target zone is being traded by multiple tranches by entering the market at the upper level of price trend channel with stop loss managed 50 PIPs above the upper price trend channel to target the lower price trend channel of interdays trading by ignoring the temporary bullish . The short trade consistently with the price trend.
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