TrueNorthTradingFX

CADJPY SHORT

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FX:CADJPY   加元/日元
We have had two 4hr shooting star candles off a key resistance and rejection of descending trendline. Also tested the 78.6 fib retracement with taps back into below resistance. Dropping down on to 1hr time frame for entry on a solid bearish engulfing candle at 22:00 BST which also starts the new trading month. 50 pip SL and 215 pip TP at -0.27% fib extension
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