CADJPY - POTENTIAL SHORT ENTRY POSITION

Back to CADJPY Pair, based on Daily insights for today it seems the price already reached out the major resistance. Yesterday's daily candle closed as bearish candle and we will look into for today's daily candle. As for my view, the price already been in the best position to short as the candle still follow the trendline in daily timeframe. If the price didn't break the trendline and this particular major resistance, we can aim for 100-150 pips. My initial take profit point would be at 77.78. You can entry short now or wait for sell limit zone first. Put your analysis first and happy trading!

Trade Idea : Short
Price : Sell Now or Wait For Sell Limit
Take Profit : 77.78
Stop Loss : 30-45 Pips


Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!

Trade ativo:

Running 50 pips