Yesterday, I posted CADJPY short trade setup.
The basic idea was to sell from H4 21EMA with the Stochastic kicker.
So far, it looks … OK, but not enough, right?
I still consider selling this pair, at least down to Double Buttom.
Here is the Short zones.
I would like to sell from Fib 38.2-61.8% if the price comes up.
If, on the other hand, the price keeps dropping, I would like to short after the break of DPP.
Hey, tomorrow will be BOJ Monetary Decision Meeting!
But I don’t expect any surprise! But who knows?? 🙂
Hope this setup helps you a bit.
YJ Baik – Forex.Today @ Tokyo