Our CADJPY Forecast is Bearish/Sell! Catch H&S Reversal Play

Dear traders,

Here is your CADJPY Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the CAD stands at “2”, and the JPY stands at “7”, meaning that the JPY is stronger than the CAD, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time.

Our 1st SELL Limit is placed at white line labeled "Sell limit 1" (with a 1% risk position size)
Our 2nd SELL Limit is placed at white line labeled "Sell limit 2" (with a 1% risk position size), totaling a 2% risk, should both positions get filed.

Our final Take profit is placed at white line labeled "TP 2"
Our Stop Loss is placed at red line labeled "Stop Loss"

Chart Timeframe; Daily

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