CADJPY short, for 100 pips

6 בדצמ׳ 2021

3 confluences for this trade: BOS and retracement into our golden fib zone on the 4H timeframe, support from our 50, 100, and 200 EMA's, a hanging man candle on the 4H to indicate that price is rejecting our fib zone and is about retrace. After the liquidity grab from the previous moves, sellers were still well in the market.