Get started
JoshFX1

CADJPY Sell The Top

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
JoshFX1 Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Support and Resistance Trend Lines Technical Indicators CADJPY yen cadjpybuy cadjpysell cadjpyshort cadjpylong cadjpyanalysis cadjpytrade cadjpysetup
11
2
supportandresistance trendline indicator cadjpy yen cadjpybuy cadjpysell cadjpyshort cadjpylong cadjpyanalysis cadjpytrade cadjpysetup
CADJPY has been hovering around the same resistance area for a week now trading very side ways. Failing to break this resistance for such a long time basically proves that big money feels that CADJPY is already price high and they see the current area at the max. Why it hasn't go down yet? Well maybe the big money doubts the YEN a bit... but it also doubts the CAD against the JPY since the price is stuck for over a week. Most likely CADJPY will fall hard as the slightest bit of JPY news. first targets are 87 and 84 after that. So lots of potential in shorting CADJPY!!

TP: 87 > 84
SL: 89,70
Trade active
Trade active
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.