Charlieab94
Long

CADJPY Long Trade *DAILY TREND CONTINUATION*

FX:CADJPY   Canadian Dollar / Japanese Yen
All CADJPY short positions now closed.

I am looking to trade the daily bullish trend up to new highs. Trendline bounce, daily rejection of bullish trendline and fib 0.618 retracement zone.

Stop loss below the shaded zone on the chart.

Profit target at daily fib -0.27 extension
Trade active
Comment: CADJPY breaking 82.00 and the 4hr counter trendline. Looking good now.
Comment: Price is approaching the previous daily highs of this trend at 83.500. I will look to take some profits here.

Comments

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