FX:CADJPY   Canadian Dollar / Japanese Yen
Short opportunity confirmed on lower timeframe.
Trade active:
Comment: Expecting continuation

Nice idea on CADJPY and there may be potential gains as you have identified by going short. For this set up, we have identified the resistance and support levels. We have found a major resistance target at 89.45. It is a horizontal swing high resistance and ascending channel resistance, with a 100% Fibonacci extension. Stochastic is approaching resistance and we might see a corresponding drop in price should it react off this level. If a corresponding drop does happen, we have found a major support target at 86.45. It is a horizontal overlap support with a 50% Fibonacci retracement and 100% Fibonacci extension. Excited to see how things develop.

Please take a look at our idea and share with us what you think.


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