CADJPY | Trading Strategy - Going Short
Updated
Bearish Indicators
1. Dow Theory (LH & LL)
2. Descending Channel - Short-Term Bearish
3. Consistent red candles moving towards a new LL
4. Already tested the trendline
Bullish Indicators
1. Might test support at 96.18
Biased: Short
Trade Plan:
Entry: 92.20
SL: 97.03
TP1: 95.44
TP2: 94.97
1. Dow Theory (LH & LL)
2. Descending Channel - Short-Term Bearish
3. Consistent red candles moving towards a new LL
4. Already tested the trendline
Bullish Indicators
1. Might test support at 96.18
Biased: Short
Trade Plan:
Entry: 92.20
SL: 97.03
TP1: 95.44
TP2: 94.97
Trade closed manually
In Profit
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