WeBelieveInTrading

CADJPY Sell TF H1 TP = 106.43

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
On the hour chart the trend started on August 15 (linear regression channel).

There is a high probability of profit taking. Possible take profit level is 106.43

But we should not forget about SL = 108.28

Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!

Good luck!
Regards, WeBelieveInTrading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.