CADJPY | 1h timeframe | Cup and handle formation
CADJPY in 1h timeframe shows no divergence instead the continuous trend with a Cup and handle formation. This provides an opportunity to long the pair
Strategy:
1) As per risk/reward ratio of 1:1, the calculated lot size is 0.15
2) Entered Buy trade by putting buy stop at 96.490
3) To manage risk, I put stop loss at 95.436
4) Take profit 1 will be 97.588
5) Take profit 2 will be 98.670
DIsclaimer: Please manage your risk at all time. This is not an investment advice.
Strategy:
1) As per risk/reward ratio of 1:1, the calculated lot size is 0.15
2) Entered Buy trade by putting buy stop at 96.490
3) To manage risk, I put stop loss at 95.436
4) Take profit 1 will be 97.588
5) Take profit 2 will be 98.670
DIsclaimer: Please manage your risk at all time. This is not an investment advice.