CADJPY quick short
reasons for short:
break/retest of horizontal S/R level
4 hour 50 ema
third touch of the trend line
61.8% fib
previous low is already broken and could be the sign of the next leg down.
TP at 200 EMA
SL above 75% fib
Risks:
previously rejected the 4 hour 200 EMA, therefore not going to push it further down. You could take the risk and push it to 95 pips
break/retest of horizontal S/R level
4 hour 50 ema
third touch of the trend line
61.8% fib
previous low is already broken and could be the sign of the next leg down.
TP at 200 EMA
SL above 75% fib
Risks:
previously rejected the 4 hour 200 EMA, therefore not going to push it further down. You could take the risk and push it to 95 pips
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