bitofamacroman

CADJPY - Short

Short
bitofamacroman Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Appears overdone, may have a little more upside but likely not far above if at all above our horizontal resistance line at 89.21. Could wait for a reversal pattern to confirm or place a sell above at resistance, else take a small position here and add at or near 89.21 or on reversal confirmation pattern in this or lower time frame. In addition, short of a pretty large further rally, there is nice daily divergence forming not to mention a potential wave pattern developing.
Comment:
OOOPS NAILED THAT ONE TOO
Comment:
I will have an order in to take a partial at 86.10
Comment:
A few hundred pips is good on a partial, let the rest ride with a SL at BE on the remainder
Comment:
I think probably going a LOT lower
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