WaveRidr

CADJPY - Broken Record that keeps on paying

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Long CADJPY another pullback against the dominant trend, this one last appeared as trade 17 and was successful. It is quite a small pullback and hence has a small stop loss giving the trade excellent risk reward. Even though FOMC is approaching the stop of only 20 pips makes this one worth the risk even if the GBPAUD had to be cancelled for this reason
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