SN_Doumet
Singkat

CAD/JPY - AT A KEY STRUCTURE LEVEL

FX:CADJPY   Dolar Kanada/ Yen Jepun
We can see that the pair is now ranging at a key structure level (89.67-89.28) after strongly breaking through it and I expect it to consolidate some more within the 89.67-87.77 area, before a possible bigger move to the downside retesting the 85.40 level. Personally I'm only interested in the downside moves. Check out the related ideas for a longer term view, and a comparison to CHF/JPY             .

My personal details:
Short @ E: 89.45, SL: 90.40, TP1: 87.80, TP2: 85.50, RR: 4.16

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
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