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WHY SELL CADJPY? - PAIR SHOULD REACT TO THE 50-EMA ON D1 TIME FRAME - KEY R/S LEVELS AHEAD @87.20-87.70 - PAIR SHOWS BEARISH ALTERNATE BAT PATTERN ON H4 - PAIR IS OVERBOUGHT (USING RSI INDICATOR)
It's good to layer once there is a bearish confirmation below @87.00. Key R/S levels indicated in red rectangle blocks are areas where targets/take profit positions are most probable - just two of them below @87. Above all, in as much as nothing is certain or fixed,follow your trading plan and risk management, as well as the disclaimer below!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all. Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can not afford to lose.