AvramisSwing

CAD/JPY Time for a reversal?

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
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