CADJPY H4 SHORT PRICE ACTION FORECAST

Price structure has formed clear LH, compressing prices into the triangle formation. Trading below the 200MA allows the perfect setup for a short entry.

The only concern is about the news release late at 10 pm (GMT+8), which can dramatically change the Canadian dollar's bearishness. Hold tight risk management in place.

The order:
Type: sell-stop
S/L: 30 pips - R:R | 1:2 -
T/P: support level from the channel rage

--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***