CADJPY 2W: SHORT IT! +2000 pips TP BEARS. SHORT/HOLD(NEW/SWING)

20 Jul 2021

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CADJPY 2W: SHORT IT! +2000 pips TP BEARS. SHORT/HOLD(NEW/SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.
HOWEVER. Entry from overhead. read entire
idea before executing this trade.

🔸 Summary and potential trade setup
::: CADJPY 2weeks/candle chart review
::: H&S setup in progress
::: speculative setup do your own DD
::: breakdown in progress
::: BEARS taking over
::: USDJPY in BEAR MODE
::: expecting losses to accelerate soon
::: BEARS short at market or seek
::: to SHORT any rips/bounces
::: lower risk strategy:
::: final TP BEARS is 65.00 +2000 pips
::: confirmed RS=LS reversal
::: price already breaking down now
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: TP BEARS is +2000 pips
::: FINAL TP is 65.00
::: neckline level is 75.00 +1000 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 2700 fresh demand zone
::: 3250 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/REVERSAL/C
::: Sentiment outlook mid-term: BEARS

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