Short CADJPY Longterm Based on Daily, Weekly + Monthly TF Charts

is in a major support/resistance zone. Although there is room for further up movement, the risk:reward is not preferable for me. As we approach the resistance I will look for confirmation to short this pair with a long-term potential for 500 pips.

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

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Dagangan aktif

Closed 1 position with 140 pips profit. Trailing my stop loss a little closer.

Nota

I have been thinking about closing this trade off since Friday but I was expecting a pull back before a big push down, I have therefore decided to keep this open. My stop is well in profit and we've banked 140pips on the first position.

Dagangan ditutup: sasaran tercapai

Closing second position now ahead of the weekend at 230pips, a total profit of 370 pips banked on this trade. Have a good weekend everyone :)

AEFX786

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Disclaimer: I do not take all of the trades I publish.

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AEFX786

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