Could the Bears Push the CAD/JPY to the 81.16 Level?
💡 Trade Idea
📈 Sell Order CAD/JPY @ 81.16
🎯 Target Profit 80.61
🛑 Stop Loss 81.31
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading withing a wedge formation after showing a head and shoulders on higher time frame indicating a potential reversal from upward movement to a downward one. The price managed to break the trendline, by posting a bearish candlestick signaling a potential downward movement.
📈 Sell Order CAD/JPY @ 81.16
🎯 Target Profit 80.61
🛑 Stop Loss 81.31
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading withing a wedge formation after showing a head and shoulders on higher time frame indicating a potential reversal from upward movement to a downward one. The price managed to break the trendline, by posting a bearish candlestick signaling a potential downward movement.
