CADJPY Sell Idea

CADJPY pair could provide us with a great sell opportunity if we see it making another leg higher. There is a confluence of two fibonacci expansion cycles. As we know that creates a “magnet” level for the price. Here is the plan to join:

Contents hide

1 Technical Analysis:
2 CADJPY SELL IDEA ENTRY:
3 Targets:

Technical Analysis:

H1 – double fibo expansion confluence, potential divergence

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CADJPY SELL IDEA ENTRY:

Wait for price to push higher and enter the 87.10-60 zone. This is where you should start looking for sell entries. A trigger could be completion of bearish divergence, false break or more conservatively, the break of the most recent up trend line that we see being created at the moment.

Targets:

Aim 85.60 as first target and let the other part run with your Stop Loss at break even.

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.