Hello Everybody,
As always, we have some high potential Trade Setups for you this week too. Typically these are swing trades. One of them is Cad/Jpy.
CAD/JPY is forming a Head and Shoulder pattern, with strong resistance on top. We are expecting a Short sell at current levels and retest of strong support at neck line of H&S pattern.
Short Entry - (91.340 – 90.935)
TP 1 - 89.785
TP2 - 88.635
SL - 92.500
Let us know what you think of this trade.
Best
TradeCuts.