FX:CADJPY   Canadian Dollar / Japanese Yen
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4
I wont lie - taken some inspiration from Gwave here (credit where credit is due)

But, I am looking at this from a shorter time horizon - this trade fits nicely into a basic Support / Resistance Strategy - and so a good RR is offered.

I will be watching closely for how price acts when it is in the area highlighted - this will give price action confirmation that the trade is valid (although i highly suspect it will be)
Trade active
Comment: TP1 Hit
Trade closed: stop reached
Comment: This one is a litle painful -

As per the chart - we got stopped out by about 10 pips and then the market bounces back to the upside. Looking for retry if price heads down a little again.

Comments

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