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UnknownUnicorn772665

CADJPY Short Trade Set Up *HIGH REWARD*

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
UnknownUnicorn772665 Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis CADJPY CAD jpy cadjpyshort
12
4
trendanalysis chartpattern waveanalysis cadjpy cad jpy cadjpyshort
Short trade set up on CADJPY.

Bullish trendline is broken.
Lower highs forming on this timeframe.

Looking to trade this pair down to the bullish daily trendline before going long.
Trade active:
Entry price at 83.200 after the wick rejection of 1hr 50EMA
Comment:
Easy peasy. CAD data gave this trade a nice quick boost
Comment:
Taken 80% profit, letting the rest run to target.
Trade closed: target reached

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