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ddreamz
31 jan 2018 20:11

CAD/JPY possible buy Lång

Canadian Dollar/Japanese YenFXCM

Beskrivning

Hi,

My idea on CAD/JPY:

Price at recent daily suppport. Slow pull back moving inside a descending channel and now it breaks above very convincingly. Furthermore, this breach is going to the starting point of the recent downside low and now keeps holding at the same area.
Possible scenarios:
1) aggressive buy now with stop loss below 87.90 , targets around the recent high.
2) Wait a discount and buy with even better risk to reward ratio.

Good luck :)

Kommentera

Moving stops closer to the entry price around 88.60.
Kommentarer
TradingStatistics
Nice setup
hop_FX
are you entered to the trade?
ddreamz
@RuchithaHopkins, Yep, it barely hit the target. Closed break even.
Mer