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Cadjpysell

CADJPY shaping up for a SELL!Hi Traders, CADJPY has been developing bearish price action recently as impulses & corrections have been forming over again. Looking at the Global situation between Russia and Ukraine, safe haven currencies are strengthening which should push the price to lower boundary of the HTF structure around 89.50. I believe further down side to 87.50 is possible If we get a breakout and another continuation. Follow your trading plan and risk management. Good Luck! Support me if this idea has helped you by clicking the like button. Share your view on this pair and leave a comment.
Short
by ktlfx
1
CADJPY-SELL strategyThe CADJPY may move little higher, and this would then be the chance to start the SELL strategy. We got a likely W pattern and the break 91.42 translates to a 400 points up move towards 95.50 estimated. However, we have had a reasonable strong move for the last few weeks and this requires some pull-back. SELL between 91.90 - 92.25 and place stop loss at 92.87 for now. Profit order 90.75. For medium-term by between 90.50-91.00 for 95.50 objective. Stop-loss below 89.90
Short
by peterbokma