CAD/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 109.025 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level.
Stop loss is at 109.800 which is a level that sits above the 78.6% Fibonacci projection level and a pullback resistance.
Take profit is at 107.443 which is a pullback support that aligns above the 61.8% Fibonacci retracement level.
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Trade ativo
Price has hit the Sell Entry to drop as low as 108.25 overnight. Move SL to slightly below the Sell Entry to protect the position.
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