CAD/JPY Proceeding With Type 3 Entry Short

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The CAD/JPY reached the W H3 and formed a Type 2 reversal arrow exactly within the dynamic zone area. Zooming in to 5 min timeframe we have been able to spot a perfect 5m Type 3 breakout entry

CAD/JPY is inclined to go down and our entry was spotted exactly when the price broke 1 – 2 point on the 5-minute chart (top right corner). The trade setup was announced on our Telegram service as the price broke below the 87.64. In order to proceed further down the pair must proceed below W H1-L1 range and if we see a strong close below 87.30 targets are 87.02 and 86.77. Watch for further bearish momentum continuation as long as the pair makes lower lows.

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ecs.START🎯🎯🎯: Tools, Indicators & Handouts

Our most popular trading tools and wisdom are FREE now. Join and receive a
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*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀