Hello everyone. We are monitoring Cadjpy
for a sell. This is a good opportunity to gain a 100 pips to the downside as the Cad has been fundamentally weak over the past week. The consolidate movement has given us more confirmation of the direction of the trend ( bearish
) as support level
was broken and retested and price formed the consolidate movement before shooting down.
Enter around this zone risk reward is 2:1