CADJPY pair seems like is going to complete a triple cycle up on the H4 chart near 90.00 zone. I think it is a good idea to look for sell opportunities there. Here is my plan for action.
CADJPY Technical Analysis:
H4 – Potential Triple Cycle
Sell Entry:
Wait for the price to reach the 90.00 zone and look for H1 trend line breakout to the downside.
Targets:
Aim to collect first part near the 85.00 level and set your SL to break even. Second target would be the 80.00 level.
