FullTimeTrader
Short

CADJPY-double top with divergence

FX:CADJPY   Canadian Dollar/Japanese Yen
914 6 27
Price action here looks very bearish .
Price was rejected from a strong S/R, formed a double top and now seems to be starting a decline.

- Double top with bearish divergence on MACD
- multiple pinbars near the resistance
- Strong S/R
- weekly ema 200 resistance (see below)
snapshot

- 0.61 fib retracement from last highs

snapshot

I would sell here against last high.

best regards.
Comment: first target hit, moving SL to BE
Trade closed: target reached: all targets reached, now looking for long setups
thank so much
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Great trade! I just took it this week!
CADJPY Short - I
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Your entry was great also, waiting for a confirmation is also valid. Regards.
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Piet.Hein FullTimeTrader
Thanks! :)
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Great trade!
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Great trade Mister!! Well done.
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