Hello everyone. We are monitoring Cadjpy for a sell. This is a good opportunity to gain a 100 pips to the downside as the Cad has been fundamentally weak over the past week. The consolidate movement has given us more confirmation of the direction of the trend (bearish) as support level was broken and retested and price formed the consolidate movement before shooting down.
Enter around this zone risk reward is 2:1
Enter around this zone risk reward is 2:1