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cryptopicasso
Jan 25, 2016 2:57 AM

CADJPY possibly running out of steam  Short

Canadian Dollar/Japanese YenFXCM

Description

CADJPY rallied over 6% in the last 2 days
although the CAD index bounced and is up I think this pair has room to breath a bit with at least a retracement to the 38% mark before continuing back up.
Shorting any jumps over 84.00 and keeping a very tight stop above the previous high as this could easily run more but I see some indications of a drop soon

Comment

Trade active and trailing stops to assure profit
Comments
cryptopicasso
was excellent trade , fell almost precisely to the 38% retrace - only mistake was not entering a long position when closed :(
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