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:

CADJPY W1 Chart

Price trading near the top of a range.

CADJPY intraday sell idea W1

 

CADJPY D1 Chart

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

Yours,

Vladimir

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3 Comments

  1. Zachary February 16, 2017 Reply
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