Wednesday, April 10, 2024

Reason for Selling CAD/JPY : 

CAD/JPY is moving in an uptrend by forming Higher Highs and Higher Lows in H4 Chart.

After market reaching the top level for 4th time, CAD/JPY starts to reverse from the top zone.

After the confirmation of downward movement, CAD/JPY Sell signal was given to the members.

Today the Fundamental news release in US GDP 4.2% which makes USD to get more stronger in short time.

This also affects the JPY to get weaker as there is big trade war going on between USA and other Countries.

Due to the major fundamental effect in the market, CAD/JPY went up in short time.

cad jpy reached our stop loss with 66.4 pips

CAD/JPY reaches our Stop Loss price.

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