mlwinter
Short

CADJPY Short term sell setup

FX:CADJPY   Canadian Dollar/Japanese Yen
21 0 3
Just broke a very strong support (3 yellow boxes). Short when price pulls back to 82.250 area to target 79.270. Possible a bounce in orange box due to bottom of monthly channel.
Trade closed: target reached: VERY GOOD TRADE
Comment: We might see more downside from here (orange zone). But honestly this daily candle doesn't show strong reversal sign. Might need one more daily candle to confirm. Safe to short at high of this candle with SL above 80.5
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