CADJPY SHORT IDEA 26TH AUGUST 2022

We have seen a clear bearish movement from the daily time frame of the chart and we have seen a series of bearish candle movements previously from our last entry. The supply zone we are currently in have seen to hold price for some time now and we have shifted to the lowertime frames for extra confirmation and we have set out and entry and stoploss, if the markets decides to switch to the bearish mode from here will be looking at a RR of 1:150

UNDERCOVER TRADING!!!!!!

Comment:

If the price takes us out at the stoploss then it is evident price will surge higher

Trade active:

This trade is still active as I have not closed I will wait to see a clear candle break above the POI

Trade closed manually

Trade active:

I have seen another entry and I wish to enter from there and ride the market down

Trade active:

Trade closed: stop reached:

We wait for the next supply zone