DACapitalTrading

CADJPY - SETUP - WEEKLY CONTINUATION - 8 MAY

Short
DACapitalTrading Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
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CADJPY just started moving as expected, quick Timeframe breakdown for free and everybody.


4 HOUR
Small pullback after breaking previous h4 lows retesting them

DAILY
Last 5 days very bearish price movement and break of several lows indicating a downtrend

WEEKLY
Price was retracing and in consideration over last two months, now price break weekly range to the downside lets follow this..

LEVELS
SHORT @ 84.248
SL @ 84.723 (RR 1 = 45 Pips)
TP1 @ 83.795 (RR 1.0 = 45 Pips)
TP2 @ 83.549 (RR 1.5 = 70 Pips)
TP3 @ 83.316 (RR 2.0 = 90 Pips)
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!


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DACAPITAL TRADING
Trade active
Trade closed: stop reached:
-45 pips closed
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