CADJPY SELL ON CLOSE OF DAILY CANDLESTICK

The CADJPY has been waving down to and rejecting the outer trend line. This is the 3rd time that it has hit this point and rejected the test as long as the candlestick closes below the counter trend line and the outer trend line I would be more inclined to SELL the stop would be place at 82.30 (above the candlestick formation) targeting 79.20- 79.00 area as profit target 1 (which is a MONTHLY target) down to 77.00 PT2 to the daily target at 75.00 area (final target).

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Bình luận:

Closed to protect position based off of news with profit, will look to re-enter if it rejects up trend line

Giao dịch đang hoạt động:

Interested in getting back into position this week due to Oil being at a high price on the Daily and 2hr timeframes ideakky would to catch at a high price to SELL down to the 79.00 position first to 77.00 second then to Monthly consolidation at 75.00