CADJPY intraday sell idea

Price is currently trading near the top of a potential weekly range and price respected the daily bearish trend line. There is a good chance we will see deeper move from this zone and this is why i’m looking to short the pair.

Here is my CADJPY intraday sell idea:


Price trading near the top of a range.

CADJPY intraday sell idea W1



Daily trend line respected

CADJPY intraday sell idea


CADJPY H1 ChartCADJPY intraday sell idea

Break below the most recent low will be my trigger to sell. There are two options for the stop loss. A more aggressive approach with better risk:reward ratio will need a protection above 87.50 or so, while a more conservative stop would be above the last high.

Target 1 – 86.65

Target 2 – 86.15

Target 3 – 82.50



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