MateyeFX

Going long on CADJPY after 61.8 retracement!!

FX:CADJPY   Dolar Kanada/ Yen Jepun
Price broke out of a downward channel on H4 on the 2nd of May so the price is most likely gonna continue pushing higher and higher till 84.200

Buy Limit order at 82.870, SL=82.72 and TP=83.80
-61.8 retracement to a base price area (Grey rectangle around 61.8 retracement)
-RSI heading towards oversold
-Broadening triangle
-Upward trendline most likely to hold

Risk to Reward looking so good.
15:93 (1 : 6.11)

Trade with care. Good luck.
Komen: SL hit
Price closed below our bullish trendline and continued to push down till our 15 pips stop loss.

Unlucky!!! Looking forward to the idea. :)
Good Luck.
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