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VladimirRibakov
Jun 15, 2017 11:18 AM

CADJPY Sell Idea Short

CANADIAN DOLLAR / JAPANESE YENICE

Description

D1 - Price is moving inside the range.

We can go short as long as last high (83.60) holds.

Sell will trigger once a breakout below last low (82.57) happens.

Protection above 83.00. .

Invalidation - if price breaks above last high around 83.00 before we get triggered this setup will be invalidated and we will look for another opportunity to join.

Comment

Target 1 - Risk Reward 1:2

Target 2 - Bottom of the D1 range.
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