CAD/JPY | Potential Downward Movement

٨ ديسمبر ٢٠٢٠

💡 Trade Idea

📉 Sell Limit CAD/JPY @ 81.43

🎯 Target Profit 80.61

🛑 Stop Loss 81.84

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:
The price reached the higher end of the channel and now the sellers are trying to push the price downward. We have a daily resistance at 81.43 level which might prove to be difficult to break and lead to a reversal to the 80.61 mark.