PenguinTraders

CADJPY looking for a retracement

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is on a downtrend now. But I'm taking a small retracement profit along the way before I start a long Shorting.

Look to enter early and if you're feeling bold put TP at the Yellow Resistance.
Anyway put SL at the Support