I am looking at this trade for the next week. I have an uptrend on the 4hr chart with a down trend on the monthly with a possible head and shoulder on monthly. The 4hr uptrend that I have bumped higher off of my 50 day moving average from 85.41 on 08/02/2018. I am thinking CAD/JPY will go down again to 85.45 to 85.55 which would be my long entry to 86.85 to my 200 day moving average and then short it after. Like always risk management and good luck.
Buy at 85.55
TP at 86.85
SL at 85.05
That is a 130 pip win to 50 pip loss
Good luck to all!
Buy at 85.55
TP at 86.85
SL at 85.05
That is a 130 pip win to 50 pip loss
Good luck to all!
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Trade active
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Right now this pair is hitting the 4hr trend line, if it breaks im gonna close the trade...we'll see how it plays out
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Trade closed, broke even...