CAD/JPY Short

١٨ أبريل ٢٠١٧

Structure is presented. It's possible that the past leg was extended extremely far and we are still in a downtrend. On the other hand, we could be in a newly formed uptrend and price is bound to reverse at the box drawn (Monthly support level as well). We shall see. The trade given is a continuation of the bearish trend based on minor structure. TP 1 is 80.00, TP 2 is 75.00, TP 3 is 70.00.