[H1] CAD/JPY short - price denies to make higher highs
The price of CAD/JPY denies to make higher highs and loses momentum. The current setup creates a juicy risk reward ratio, as we know very fast if the setup is valid or not. A more conservative SL placement could be above 84.750, which is still a nice ratio. GL!
Trade closed: target reached
The trade went into profit, after coming very close to the SL. With recent weakness in USOIL and the JPY strength, there is a high probabilty of this pair going even lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.