CAD/JPY Short position

SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top.
B – Beliefs
Market will be rejected at @84.82 level and move towards the first Target 1 level @ 84.3 level.

CADJPY

Trade Management
Entered @ 84.82
Stop Loss @ 85.14
Target 1 @84.3

Risk/Reward @ 2:1

Happy trading.


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

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The trade should have come down by now. Closed with small profit