As i have posted few jpy pairs analysis few days back for short similarly got the setup in CADJPY for short , seems jpy is about to give a solid upward momentum, which will drag all JPY cross pairs towards downside movements. so i am following to short the cadjpy pair at or above 108.30 level with the target of 104.20 level with a solid stoploss at 111.15
the risk reward for this trade setup is 1:1.5 as this is a HTF short setup it will defiantly going to take time to pan out. keep patience and have fun .
Happy New Year
Regards Rizwan Ali Accel Equity: Mark of Core Research