I am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis.
As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the market.
The trade was eventually closed out at the trail stop, coming just 5 pips short of reaching the initial target. While the trade did not fully achieve our desired outcome, it still resulted in a profitable exit.
Additionally, I have conducted analyses on the GBPUSD, AUDUSD, and USDJPY currency pairs. These analyses provide valuable insights into their respective market conditions and potential trading opportunities.
Wishing you continued success!
As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the market.
The trade was eventually closed out at the trail stop, coming just 5 pips short of reaching the initial target. While the trade did not fully achieve our desired outcome, it still resulted in a profitable exit.
Additionally, I have conducted analyses on the GBPUSD, AUDUSD, and USDJPY currency pairs. These analyses provide valuable insights into their respective market conditions and potential trading opportunities.
Wishing you continued success!
