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FXSJGOLD
Mar 11, 2022 5:31 PM

CADJPY SELL 

Canadian Dollar/Japanese YenFXCM

Description

Stop loss @ 92.330
Take profit @ 90.000


JPY index close to structure zone where i expect a bounce + strength during next week, specially in the first few days.
CAD index had a strong rejection off the trendline which also lines with the structure zone.
CADJPY also reached the highest point since its started consolidating ( 4 hourly time frame) and is now extremely oversold on the 4 hourly timeframe too.
1:9 rrr
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