SELL LIMIT ORDER CADJPY - Technical + Fundamental

CADJPY is showing bearish signs even though it has not yet confirmed bearish momentum. There is still some room to the upside but i bet its limited seeing as RSI has already give the 80 level a kiss of death. I am placing my entries at 86.252 and allocating some generous wiggle room to my SL. CXY is nearing a significant resistance level hence a potential turning point back to the downside, while CXY is seating at a reasonable support level likely to bounce up from there. We have some some light impact news on JPY in about 8hrs and BoC Review in about 18hrs, both of which may either validate or negate my setup but whatever happens, I am officially a Bear on CADJPY. After I have done my analysis, the market is to blame if the unthinkable happens :D
Cheers!

Transaction en cours:

SL moved to break-even

Commentaire:

SL trailed to lock in 10pips

Trade fermée: ordre d’arrêt atteint:

Position closed with 10pips profit due to trailing stop.

Trade fermée: cible de profit atteinte:

TP1 reached. Profit= 64pips (if you stayed in the trade)

Commentaire:

Entry 2 closed out with 10pips profit.
PARTY IS OVER FOR ME