Hello Traders, today we have ourselves a lovely 
CADJPY short.
Confluences:
With this lovely trade we have ourselves a 9.75 R:R (Risk:Reward) which is a amazing return for the risk.
This short has a larger risk than usual to prevent being stopped out at the next structure level which the price may react from.
Economical Data:
Oil panic within the UK, may lead CAD to increase in value due to higher demand as oil & CAD correlate, this is a factor we must be aware of.
What is Correlation?
If you would like to learn what this is, I have attached an educational post below where you can see the correlation between currencies, metals and oil .
Please remember to like and follow for more ideas like this!
CADJPY short.Confluences:
- Structure level
- 3rd Trendline touch
With this lovely trade we have ourselves a 9.75 R:R (Risk:Reward) which is a amazing return for the risk.
This short has a larger risk than usual to prevent being stopped out at the next structure level which the price may react from.
Economical Data:
Oil panic within the UK, may lead CAD to increase in value due to higher demand as oil & CAD correlate, this is a factor we must be aware of.
What is Correlation?
If you would like to learn what this is, I have attached an educational post below where you can see the correlation between currencies, metals and oil .
Please remember to like and follow for more ideas like this!
Dagangan ditutup: hentian tercapai
Stop Loss Hit CAD is to strong breaching resistance due to increasing price in oil as mentioned above. Continuing to look for an entry 👀
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.