Technician
Short

#CADJPY: One More Short Attempt #forex

FX:CADJPY   Canadian Dollar / Japanese Yen
1234 8 26
Update: Trade is active
Update: Half position closed at First Target , stop loss moved to entry


I had no luck shorting the pair recently, however, i still see the bearish setup valid and therefore wont hesistate to short this again.

Yesterdays candle closed lower, forming a long-legged doji candle at that major resistance zone as you can see on chart.
A follow through and break below the doji's low could give further chances for this scenario.

Good luck
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here http://thefxchannel.com/ ,
My best regards
Technician

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
the pair is a long to around 103.47
Reply
Update: Half position closed at First Target , stop loss moved to entry
+1 Reply
luismialcega Technician
what do you think now that the pair is just at the resistance with a powerfull bullish candle?
Reply
Technician luismialcega
yeah, the remaining half was already closed at breakeven.
+1 Reply
took it from 99.330 , if it breakes the 97.50 the daily 200 I will go for longer term downtrend .
Reply
Nice one, I'm a bit late, but still ok to me :)
Reply
100 it's the level now . Still watching this pair ..
Reply
I agree, i have a sell limit orders already triggered
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out