CADJPY Sell Idea

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.

Contents hide

1 CADJPY Technical Analysis:
2 Sell Entry:
3 Targets:

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.

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.