ArekJP

CADJPY 4H SHORT - 200 PIPS POSSIBLE MOVE

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Currently waiting for a 4H candle to close, looking to enter short at price above 77.00
SL 77.51
TP 75.00
may take some profits at 75.70

R:R - 1:4.3
200+ pips potentially to be made on this trade.
Trade active: Before entering wait for confirmation of move down - for now I would enter 1/3 or 1/2 of desired position.
Comment: 4H candle has closed - I've decided to wait - NOT entering any position now.
Trade active: Entering short now, confirmation of reversal - stops above recent highs.