Price has broken the uptrend line on the 4hr timeframe for this pair.
There is a small level of divergence as well on the chart and rsi.
The MACD is also curving in a downward motion after giving a golden cross.
Here is the play I will be taking on this pair:
PAIR = CAD/JPY
ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 90.877
STOP LOSS = 91.829 - 100 pips
TAKE PROFIT = 88.936 - 189 pips
There is a small level of divergence as well on the chart and rsi.
The MACD is also curving in a downward motion after giving a golden cross.
Here is the play I will be taking on this pair:
PAIR = CAD/JPY
ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 90.877
STOP LOSS = 91.829 - 100 pips
TAKE PROFIT = 88.936 - 189 pips