CADJPY Trade Idea (21st January 2020)

Currency Pair: CADJPY
Timeframe: H1
Date/Time of Signal: 21st January 2020 / 2310hrs (SGT)

Review:

Safe-haven Japanese Yen has been strengthening which is a strong indication of a risk-off trading session.

CADJPY has bounce off the Resistance level of 84.50 and is on a slight downtrend.

Trade signaled to sell CADJPY (Entry: 84.22) with 3 Take Profit (TP) Targets (TP1: 84.02, TP2: 83.82, TP3: 83.62) and Stop Loss (SL) at 84.52.