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TheBulltrader

cadjpy resistance and close to being overbought

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
TheBulltrader Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
6
3
CadJpy is facing a resistance trendline and is still currently in a monthly bear trend. However other XXXJPY pairs look to be reversing into a bullish trend. I will open a short position here and close it for a moderate target since cadjpy could be reversing line other XXXJPY pairs. Will be looking for target at 77.0
Comment:
added another short at .792; looking for a bounce down
Comment:
closed this trade. Look like a possible breakout since UJ and CHFJPY have both broken higher.

Related Ideas

TheBulltrader
chfjpy short and then prepare a long
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