#CADJPY: One More Short Attempt #forex

5 thg 5, 2015

Update: Trade is active
Update: Half position closed at First Target , stop loss moved to entry

I had no luck shorting the pair recently, however, i still see the bearish setup valid and therefore wont hesistate to short this again.

Yesterdays candle closed lower, forming a long-legged doji candle at that major resistance zone as you can see on chart.
A follow through and break below the doji's low could give further chances for this scenario.

Good luck
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here thefxchannel.com/ ,
My best regards
Technician

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game