CADJPY Sell Idea

0
1380
Potential CADJPY Sell Opportunity

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.

cadjpy sell idea

Previous articleHow to handle stress in forex trading: part 2
Next articleAUDUSD Buy Idea
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.
Subscribe
Notify of
guest

0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments