CADJPY | Trading Strategy - Going Short

Bearish Indicators

1. Dow Theory (LH & LL)
2. Descending Channel - Short-Term Bearish
3. Consistent red candles moving towards a new LL
4. Already tested the trendline

Bullish Indicators

1. Might test support at 96.18

Biased: Short

Trade Plan:

Entry: 92.20
SL: 97.03
TP1: 95.44
TP2: 94.97

Trade closed manually:

In Profit