CADJPY | Rejected by S1

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Initiate Short.

Entry - 82.398
TP1 - 81.966
TP2 - 81.601
TP3 - 81.291
SL - 82.542

Reason: Price was rejected by S1. Strong local downtrend (confirmed by Ichi Cloud)

Please consider entering this position on the price already retraced.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.