Trading Idea for a Short on CADJPY

9 Tem 2019

The pair just completed two harmonics (Bearish Butterfly and Bearish Deep Bat) d where Price is currently at supply zone. Bearish exaggerated divergence is obvious at the oversold condition of the RSI. Also using multi-time frame analysis (HI), more reversal signals including regular divergence is obvious. Taking a short @ current price or pending order @ 83.269, sl @ 83.911 and tp @ 82.203 will be ideal.