Gooday Traders!!
I'm anticipating this short setup on CAD/JPY after it pushes to the upside and retests the downward daily trendline and 4h resistance level(confluence). Following the retest,I'm expecting price to breakout of the 4h trendline all the way to TP5.
Entry: 81.918
Stop loss: 82.419
TP1: 81.347 TP2:80.442 TP3:79.571 TP4:78.486
Final TP(TP5):77.915
I'm anticipating this short setup on CAD/JPY after it pushes to the upside and retests the downward daily trendline and 4h resistance level(confluence). Following the retest,I'm expecting price to breakout of the 4h trendline all the way to TP5.
Entry: 81.918
Stop loss: 82.419
TP1: 81.347 TP2:80.442 TP3:79.571 TP4:78.486
Final TP(TP5):77.915
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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.