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ArekJP
May 19, 2020 8:38 AM

CADJPY 4H SHORT - 200 PIPS POSSIBLE MOVE Short

Canadian Dollar/Japanese YenFXCM

Description

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.
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