CollegeofPips

CAD/JPY | Potential Downward Movement

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OANDA:CADJPY   加元 / 日圓

💡 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.

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