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workingtraders
Sep 5, 2013 1:49 AM

Short idea for $CADJPY Short

Canadian Dollar/Japanese YenFXCM

Description

Stop is 95.50
MACD looks ready to make a bearish cross.
Price has stalled at major resistance zone.
A bearish harmonic pattern has also formed lining up with the resistance zone.
Stochastic oscillator is showing that the pair is overbought and a pull back is due.
Comments
workingtraders
reduced risk and sold 1/3 at 94.90
workingtraders
Short 95.073
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