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CADJPY H4: IHS BULLS // BUY LOW TP +500 pips (SL/TP)(NEW)

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
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CADJPY H4: IHS BULLS // BUY LOW TP +500 pips (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as short as I'm expecting a
SHORT/LONG sequence in this market.


🔸 Summary and potential trade setup
::: CADJPY 4hour/candle chart review
::: speculative IHS setup in progress
::: expecting more downside in this market
::: shorting rips/rallies makes sense
::: currently distribution in range
::: BEARS will target 76.30
::: higher risk setup: SHORT at market
::: TP bears is 76.20//76.40
::: reversal near HEAD level at 76.20/40
::: recommended strategy: BUY LOW / PRZ
::: this is lower risk / recommend to BUY PRZ
::: BUY LOW near 76.20/40 and get paid
::: TP BULLS is neckline re-test +500 PIPS
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS/PRZ

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