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ddreamz
31 Jan 2018 pukul 20.11

CAD/JPY possible buy Panjang

Canadian Dollar/Japanese YenFXCM

Huraian

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 :)

Komen

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