TheBulltrader
Short

cadjpy resistance and close to being overbought

FX:CADJPY   Canadian Dollar/Japanese Yen
78 3 6
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.
USDJPY will face a big resistance at 107.2 , I think this trade is still valid
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TheBulltrader GoldHunter
@GoldHunter, Yes I think your right/ Sticking with this one
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I entered the trade now , thank you for the catch .
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