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ForexSignalsPro

CADJPY - Trapping Buyers & Liquidating Sellers

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
ForexSignalsPro  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Beyond Technical Analysis Chart Patterns
6
1
trendanalysis beyondta chartpattern
CADJPY making a false breakout from 110.400 to trap buyers into buying at unfavourable and also triggering stop loss orders of the sellers at this price level.
A short position at 110.600 with stop loss order at 110.800 (-20pips) and profit target at 107.500 (+300pips). First taking profit at 109.300 (+130pips).
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