CADJPY 13/09/10

Entry Sell: 81.601

T/Profit: 78.510
Stop Loss: 81.801
Trailing Stop: 20 Pips

Potential Loss: 20 Pips
Potential Profit: 309 Pips

Reason for entry: a strong resistance line at around 81.708-81.968. And, a sell pressure is building it is 3-4 days hovering around 81.708 and not being able to go up to 81.968. 

Reason for T/Profit: Next support line is 78.510

Reason for Stop Loss: The next resistance line is 81.968

Reason for Trailing stop: moves about 80 pips in a day