Description: As shown above we CADJPY is Bullish but is currently trading away from two significant trendines.
Indicators: 10 20 200 EMA The 10 & 20 EMA are close to a bearish cross.
Duration: Short Term
Decision: I will short this pair [ short term ] on a break of the TL toward the lower TL and 0.50 - 0.618 Fib
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out. Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
Note
We are still awaiting a valid break and close below TL
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