加元 / 日圓
做空

CADJPY-SELL strategy

90
The CADJPY may move little higher, and this would then be the chance to start the SELL strategy.
We got a likely W pattern and the break 91.42 translates to a 400 points up move towards 95.50 estimated.
However, we have had a reasonable strong move for the last few weeks and this requires some pull-back.

SELL between 91.90 - 92.25 and place stop loss at 92.87 for now. Profit order 90.75.

For medium-term by between 90.50-91.00 for 95.50 objective. Stop-loss below 89.90

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