CADJPY - Trapping Buyers & Liquidating Sellers
CADJPY making a false breakout from 110.400 to trap buyers into buying at unfavourable and also triggering stop loss orders of the sellers at this price level.
A short position at 110.600 with stop loss order at 110.800 (-20pips) and profit target at 107.500 (+300pips). First taking profit at 109.300 (+130pips).
A short position at 110.600 with stop loss order at 110.800 (-20pips) and profit target at 107.500 (+300pips). First taking profit at 109.300 (+130pips).