CADJPY
The rate is currently bouncing lower from the two-and-a-half-year long falling trendline resistance just below a major old support/new resistance area.
I am looking to short the pair to target the rising trendline support around 81.70 and possibly the current support base area (80.50-81.20)
The stops should be based above the weekly high above 84.55.
- See more at: www.tradeitsimple.co...e-250-pip-trade.html