CADJPY / H1 / Daily Forex Technical Analysis / 9.6.2019

6 set 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is September 6th, 2019 and we will be taking a look at the Canadian Dollar against the Japanese Yen. Looking at the 1 hour time frame we can see price action has attempted to reach its previous highs near the 81.1 region, but failed to make a higher high. We will be looking for an opportunity to find a short with optimal conditions to benefit from. Entry for a Short position near the 80.767 area, with a Stop Loss near the 81.072 region, to possibly ensure a profitable trade with a 1.71 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!