CADJPY: 3 short entries possible

FX:CADJPY   Canadian Dollar / Japanese Yen
466 18 16
Analysis on chart, the pair shows a strong downtrend and rgmov prints lower lows while price doesn't.
This is bearish .
Also, price is forming modes lower, validating the downtrend.
Split the entry in 3 parts risking 1/3 of your desired exposure to this trade on each.
TP when target is hit, but you can cover 50-75% once the distance to the stop is reached to make the trade risk free.
Shout out to Anil Mangal for making me look this way.
Good luck,
very very nice call
This one might start accelerating now.
HiTech IvanLabrie
agree 150%
HiTech HiTech
also have a look at eurcad and gbpcad, both looking very very strong
+1 Reply
Slow but steady progress here. I'd look into covering soon, or at least moving stop to break even if short.
mcpeacocks IvanLabrie
pretty slow indeed. espeially with this pull back based on the good CAD numbers yesterday. lets so how she develops - Oil is continuing to drop to there should be some more downside to it, daily is showing some minor bullish divergence though. i'm looking to see what she does when testing the top slope of the triangle
The move finally started!
Now, let's watch it closely.
CADJPY is testing our patience here.
I covered my shorts at practically break even.
Waiting now.
I'm agree bro !! Very Bearish
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