CADJPY - Gravestone doji at Resistance! - Low Risk Setup
CADJPY, along with most other JPY pairs are calling for pullback after rallying last week.
After reaching an intraday high of 87.45, the pair retreated near its opening level at 87.15 forming a gravestone doji at a daily resistance area.
We now look to short the pair at around 87.15-25, with SL at 87.45-87.55
Lower timeframe chart will be posted in the update section.
Feel free to comment and please support with your like!
After reaching an intraday high of 87.45, the pair retreated near its opening level at 87.15 forming a gravestone doji at a daily resistance area.
We now look to short the pair at around 87.15-25, with SL at 87.45-87.55
Lower timeframe chart will be posted in the update section.
Feel free to comment and please support with your like!
Comment:
Take profit levels based on lower time frames. SL as indicated above.
Trade active
Comment:
CADJPY 4-HOUR chart update: Another inside bar formed, breakout downwards will bring the price down to out first take profit.
Comment:
Hold this trade and keep SL at the high of the previous trading day which is about 40 pips from entry.
Comment:
First TP hit! Secure some profit and keep holding.
