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peterbokma

CADJPY-SELL strategy 3-hourly

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
peterbokma  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
The pair has been slightly overbought for some time now, and still it manages to remain at higher levels. we broke resistance 109.68 and it tries holding on. Stochastic has turned slightly positive, whilst RSI is overbought.

Strategy SELL @ 110.00 - 110.30 and place SL above 110.55 for now and take profit @ 108.95.
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