CADJPY Edging Down

21 בספט׳ 2017

CADJPY on the 4 hour time frame finds itself and a narrowing triangle failing to push up due to lack of good buying volume. If you take a peek at the daily time frame you also see the flat top here. This doesnt mean perse that CADJPY will stop going up but for now the strength is lacking making a retracement very likely so we go sell CADJPY. After this retracement CADJPY might follow its journey as shown in my previous idea

Open: CM
TP: 89.51
SL: 91.60