Hey guys,
Just wanted to share the trade I took this morning, it's on CAD/JPY.
I have spotted a strong divergence on volumes as price was going up.
My short entry was triggered and I am targeting now the bottom of the structure.
Even though we are above the cloud on higher timeframes I believe the pair is overbought and is currently pullingback.
We've got high impact news this afternoon so I don't think I will keep the trade if it doesn't reach my target by then.
*** Trade at your own risk ***
Just wanted to share the trade I took this morning, it's on CAD/JPY.
I have spotted a strong divergence on volumes as price was going up.
My short entry was triggered and I am targeting now the bottom of the structure.
Even though we are above the cloud on higher timeframes I believe the pair is overbought and is currently pullingback.
We've got high impact news this afternoon so I don't think I will keep the trade if it doesn't reach my target by then.
*** Trade at your own risk ***
Note
Note
I am shorting from the top of the structure with a tight SLNote
Note
Same target 76.090Note
Will add shorts as soon as it breaks the structure to the downside 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.