CADJPY Trade! Before / After.

Hello traders around the world!

My name is Alexandre Karim and today I am going to tell you how I took my double short position on CADJPY.

In my previous analysis on this pair (Shared Apr 18), I was looking for a reversal pattern in this area since we are on the third touch of the upper TL.
The price went up correctively reaching this area & gave us a double top as well for more confirmation.

Therefore, the pattern that I took (First short position) was the break out of the hourly ascending channel and I sat my SL above the previous high (100.664). When the price gave us the first impulse all the way down to (98.930) I moved my SL to Break Even.

The second pattern / second position that I took was the hourly bearish flag signaling a continuation to the downside.
My entry was at the break out of the structure (Bear flag) + my SL at (99.588) above the previous high.
Then moved my SL to BE when the price gave us the impulse to the downside.

Currently both of my positions are at BE now and I will be waiting for 1 hour corrections to lock above them and secure %

Patience is key.
Risk management is crucial.
Aim for quality trades.

#THEPRIMES