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Musadiqkhan

Go short on CADJPY

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Musadiqkhan Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Technical Indicators CADJPY cadjpyshort
9
0
indicator cadjpy cadjpyshort
Hello,

If we look at the 4H chart the 200 SMA is a strong resistance. If we manage to close the current candle below 200SMA then it's time to go short. Go for a big lot size with at least 100 pips TP.
Comment:
We have reached our target. Put a very close SL and keep your trade open. Make sure if you hit SL your trade is still in profit. On a daily chart we have a support 78.5. If we are able to break it. It will go further down for huge profits.
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