DrBear

CADJPY SCALP SHORT

Short
DrBear Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Hi Team

This is a short and sweet technical chart analysis.

We are in a short consolidation phase (likely due to low market volume ) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance.

I expect a drop at least to the 1H ascending correction support, if not further.

This is a straightforward trade - clear invalidation level marked, and high probability TP.

The markets are moving with low volume at the moment, so I will only be posting ideas with merit . Likely will see more from me tomorrow.

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Good luck, Trade safe

DrBear
Trade active
Trade active: TP1 hit! SLBE. Wait for TP2.

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