nice movement

nice movement today

cad down
jpy up

this movement is countertrending

the market go to other zigzag
jpy king
cad poor

somebody think short cadjpy????

target

see more detail daily chart of cadjpy

mimimum price (maximum take profit level)=85.60

see more detail , i think maybe i change my first take profit to 88.50 level and re-entry short 90,10- 90,50 level (fibo 23.6% - 38.2% range)

Last chart H1 detailed.

i think 87.60 can careful level of take profit because cadjpy because remember we are short on COUNTERTREND (the trend is UP)

http://www.elitetrader.com/vb/images/smilies/eek.gif

fibo + trendlines of resistence to short

modify my take profit to prudent level = 88.70

is important level because have hard resistence level here.

i think here is the end of first down movement

look big chart weekly TF

¡happy pipping!