POSSIBLE CADJPY SCENARIO
TECHNICALS:
I EXPECT CADJPY TO DROP
IT CLEARLY HAS TROUBLE TO BREAK THE RESISTANCE @ 82.200
PERFECT SHORT POSITION @ 82.200
I'M ENTERING THIS TRADE 2X ... 1 POSITION WITH A TAKE PROFIT OF 100 PIPS (@ 81.200) - 2ND POSITION IS A SWING TRADE, ONCE OUR TAKE PROFIT 1 IS HIT, I WILL PUT MY SL OF THE 2ND ENTRY RISKFREE AND WILL WAIT FOR THE POSSIBLE TRENDLINE BREAKOUT, IF IT FAILS TO BREAK I WILL CLOSE IT MANUALLY.
PLEASE USE RISKMANAGEMENT!
°THIS IS ONLY AN IDEA, I'M NOT GIVING ADVICE°
FUNDAMENTALS:
FRIDAY 5 FEB 2021 -> UNEMPLOYMENT RATE (CAD)
I EXPECT CADJPY TO DROP
IT CLEARLY HAS TROUBLE TO BREAK THE RESISTANCE @ 82.200
PERFECT SHORT POSITION @ 82.200
I'M ENTERING THIS TRADE 2X ... 1 POSITION WITH A TAKE PROFIT OF 100 PIPS (@ 81.200) - 2ND POSITION IS A SWING TRADE, ONCE OUR TAKE PROFIT 1 IS HIT, I WILL PUT MY SL OF THE 2ND ENTRY RISKFREE AND WILL WAIT FOR THE POSSIBLE TRENDLINE BREAKOUT, IF IT FAILS TO BREAK I WILL CLOSE IT MANUALLY.
PLEASE USE RISKMANAGEMENT!
°THIS IS ONLY AN IDEA, I'M NOT GIVING ADVICE°
FUNDAMENTALS:
FRIDAY 5 FEB 2021 -> UNEMPLOYMENT RATE (CAD)
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