CADJPY is trading within a bearish parallel channel since 4 March. It's an ideal opportunity to short the pair trading right at the top of the channel that is lilely to face resistance at the upper boundary of the chart pattern. I have marked two TPs for traders. First is for conservative traders who can capture a bit of corrective move upto 80.98. Others can wait the price to hit the lower boundary of the channle at 78.80.
Trade Info:
Short - 82.02
TP1- 80.98
TP2- 78.08
SL - 82.82
Try your luck !! ;)
Trade Info:
Short - 82.02
TP1- 80.98
TP2- 78.08
SL - 82.82
Try your luck !! ;)