New Trade idea CADJPY
Updated
Primary Trade Setup.
The price is reaching an important area. Daily trend line with a prolonged uptrend. If the price wants to go higher this is a good area to take a break. We attend the fibonacci zones.
We expect retests in areas below previous highs. (Ceilings, floors)
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Secondary Trade setup:
If the price consolidates and decides to break up we hope that the price shows interest in staying above 85.0 and make a retest in the area to confirm continuation of the upward trend.
The price is reaching an important area. Daily trend line with a prolonged uptrend. If the price wants to go higher this is a good area to take a break. We attend the fibonacci zones.
We expect retests in areas below previous highs. (Ceilings, floors)
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Secondary Trade setup:
If the price consolidates and decides to break up we hope that the price shows interest in staying above 85.0 and make a retest in the area to confirm continuation of the upward trend.
Note
wait for the retest ...Note
30 pips from the first retest.Note
Move the sl to break even.Note
60 pips from the first entry. 20 pips from the second entry.Trade closed: target reached
80 Pips from the first entry. There were no setbacks.Trade active
We still expect some re-entry. But for now it is possible that there is a setback with the news.Note
TP area reached.Note
130 pips from the first Entry.We are approaching the second zone.Note
150 pips from the first entry. / 100 pips from the second entry.Trade closed: target reached
We reach the second zone. 170 pips. There were no setbacks after the entries marked.
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