CAD/JPY(1 Hour): High probability sell??
Hello pip hunters, I would like to share my view on CADJPY with you, enjoy!!
Reward:150 pips🤑
Risk: 18.6 pips❌
Risk/Reward Ratio: 7.73âś…
Chart Breakdown:
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DR.Swing_Forex
Reward:150 pips🤑
Risk: 18.6 pips❌
Risk/Reward Ratio: 7.73âś…
Chart Breakdown:
- Price intersected the last higher-low of the uptrend signaling a trend change.
- Price formed a lower-high and lower-low confirming the downtrend.
- A previous support level has turned into resistance and price formed a bearish engulfing candlestick to confirm sells.
- I'm anticipating a close below the upward trendline to for extra confirmation of sells all the way down to take profit 2
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Like and comment if you agree with the idea
DR.Swing_Forex
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