FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY - Short

Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further CAD weakness & JPY strength after a short retracement period = CADJPY SHORT

What are we waiting for to happen?
- Waiting for the next pullback so we can draw WFB

What is our confirmation?
- rejection of structure and EMA
- Waiting to draw WFB

Entry
Safe Entry: Rejection of structure and then WFB once correction appears
Risk Entry 1: Rejection of structure and Fib

Once entered, where will our Stoploss be?
- above the rejected price

Where do we take profits?
- First TP: 89.3
- Second TP: 88
- Third TP: 86

ELROUBY
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