Corbeau_FX

CADJPY| BEARISH |COUNTER-TREND IDEA

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
HI EVERYONE, I'VE BEEN LOOKING AT THE CANADIAN DOLLAR / JAPANESE YEN SINCE THE BEGINNING OF THIS WEEK. I THINK THE PRICE WOULD BE HEADED TO THE DOWNSIDE. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTIONS ARE SHORT ON THE CANADIAN DOLLAR AND LONG ON THE JAPANESE YEN. I EXPECT A FURTHER PUSH TO THE UPSIDE TO GRAB THE STOP-LOSS THAT ARE ABOVE THE TWO EQUAL HIGHS. THE PRICE IS ALSO INSIDE A H4 SUPPLY ZONE.
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