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TradingFellow
20 de Jun. de 2016 17:31

CADJPY break of trend line sell idea Corto

Canadian Dollar/Japanese YenFXCM

Descripción

We recently broke the trend line of the rising wedge to the downside. The wedge formed the retracement back into previous structure and found resistance at the upper line of the descending channel. We could see a continuation of the downtrend here. I'm already short. My stops are above the previous highs @81.90's. Potential profits will be taken at the previous low's @79.55's.

Good luck!
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