CADJPY Short on lower low

Mar 29, 2016

CADJPY has been ranging in between 86.3 and 84.6 for quite a while now. On the 8hour chart a pinbar formed which may signal another reversal. If price moves down sufficiently for a good lower low, there's a good probability it will move down further for a nice 1:2.7 RR trade.

Comments or idea's, please let me know.

Thanks for reading :)

Mar 30, 2016

Trade active

Active, but a very slow start

Mar 30, 2016

Trade closed: stop reached

I misread this pair and its SR zones, see comment below