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Wednesday, October 13, 2010

Looking to short $CADJPY

This pair is bouncing off its trendline now , have a look at H4 chart above you'll see this.
So it's good to wait the price to go below its hourly 200sma in the hourly chart.
Any closes below its hourly 200sma and short-term trendline will be my place to go short this pair.
In other hand if the longer term (H4) trendline be broken then we wait for a long setup.

Follow me on twitter for the entry price and setup.

Regards

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