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AvramisSwing

CAD/JPY Time for a reversal?

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
AvramisSwing  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns cadjpyshort cadjpyanalysis cadjpytrade cadjpysell cadjpyforecast cadjpysetup cadjpysignal cadjpyidea cadjpytradingsetup
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trendanalysis harmonicpatterns chartpattern cadjpyshort cadjpyanalysis cadjpytrade cadjpysell cadjpyforecast cadjpysetup cadjpysignal cadjpyidea cadjpytradingsetup
Hi Traders

CAD/JPY (H4 Timeframe)

A medium to high probability, entry to go SHORT is forming @ 83.071 after the market found resistance @ 83.928. Only the upward break of 83.928 would cancel this bearish scenario.

Trade details:

Entry: 83.017
Stop loss: 83.928
Take profit 1: 82.480
Take profit 2: 81.569
Take profit 3: 80.084

Score: 7
Strategy: Bull Trap
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