CADJPY - SHORT
Why are we entering ?
- Approaching major resistance level
- Expecting further CAD weakness & JPY strength = CADJPY SHORT
What are we waiting for to happen? - Rejection price action of the recent support - possible retest of EMA What is our confirmation? - Retest of 4H EMA - break of WFB once created Entry SAFE Entry : Rejection of 4H EMA and WFB once created Risk Entry 1: Rejection of 4H EMA Once entered, where will our Stoploss be? - above the rejected price
What are we waiting for to happen? - Rejection price action of the recent support - possible retest of EMA What is our confirmation? - Retest of 4H EMA - break of WFB once created Entry SAFE Entry : Rejection of 4H EMA and WFB once created Risk Entry 1: Rejection of 4H EMA Once entered, where will our Stoploss be? - above the rejected price