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darcsherry

CADJPY(4H): DOWNTREND

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
darcsherry  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis
2
0
trendanalysis
Overview: Downtrend - Price broke ranging channel ABCD and we can visibly see price retesting the support of the channel with a rally off to form a possible range on a downtrend (depicted with the dotted line on the chart).
Speculation: we shall continue the short rally with a potential TP @ 125 pips and SL @ 35pips.
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