CADJPY Short

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CADJPY

The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will intervene, but from a technical standpoint, the time is just right to sell.
Trade geschlossen: Stop wurde erreicht
Trade ist aktiv
Re-entering short

Snapshot
Trade geschlossen: Stop wurde erreicht
bojCADJPYChart PatternsTechnical IndicatorsshortTrend Analysisyenyenpairs

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