CAD/JPY - POSSIBLE 250 PIP TRADE

CADJPY

The rate is currently bouncing lower from the two-and-a-half-year long falling trendline resistance just below a major old support/new resistance area.

I am looking to short the pair to target the rising trendline support around 81.70 and possibly the current support base area (80.50-81.20)

The stops should be based above the weekly high above 84.55.


- See more at: tradeitsimple.com/2017/06/cadjpy-possible-250-pip-trade.html