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Spitfire88
Dec 5, 2016 9:17 PM

CADJPY Short position - first Idea published - please comment Short

Canadian Dollar/Japanese YenFXCM

Description

So this is my first published post and I'm looking for comments on the analysis. B broke through .786 so I'm not sure if this is a valid pattern. It also looks like a possible Elliot wave forming as well. RSI and Stoch RSI are overbought and MACD is showing a cross towards the downside. I've picked a take-profit at 38.2

I'm looking for feedback on the analysis please. I'm new to trading so any constructive criticism is very appreciated!

Comment

This is based on Trading Jazz's idea with the elliot wave thrown in. Forgot to add when first posted
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