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CADJPY Trendline Breakout And Short Opportunity

CADJPY Trendline Breakout And Short Opportunity

Falling Crude Oil prices add weight on CAD.

CADJPY Breaks the trendline on the H1 Chart.

Our Setup:

Short at 83.91

Stop:84.20

Target 1: 83.55

Target 2:83.40

Bullish Cypher would be completed at D. I will update later if the short trade works as predicted.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

CADJPY: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 
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