[B]CAD/JPY 4-hour chart[/B]
[B]Long or Short: [/B] Short
[B]Entry Point:[/B] short at 78.10
[B]Stop Loss:[/B] 78.50
[B]Profit Target/s:[/B] 76.50
[B]Reward-to-risk Ratio:[/B] 4 to 1
[B]Risk percentage:[/B] 1%
[B]Trade rationale:[/B] really just a technical trade. Resistance has been holding really well at the 78.10 mark. I will wait for candlesticks to stop at that area and ideally for Stoch to hit overbought, but if it seems to be holding, I won’t hesitate to short.
[B]Trade adjustments:[/B] none