CADJPY / H4 / Daily Forex Technical Analysis / 6.27.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 27th, 2019 and we will be taking a look at the Canadian Dollar against the Japanese Yen. Looking at the 4 hour time frame we can see price action has visited the 82.3 region which it has done so in quite some time. It has taken out it most recent active highs and made new highs and we will be looking for an optimal entry short. Entry for a Short position near the 82.321 area, with a Stop Loss near the 82.673 region, with a target profit level area of 81.559 to possibly ensure a profitable trade with a 2.16 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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