OPPORTUNITY FOR SELL CADJPY
Updated
We have these indicators for SELL opportunity:
- Low volume to continue the current direction
- Reflection from the Inner trend line
- Return/re-test to Year + 6M + 3M area (min. for TP1)
- Stong support line – zone with ATH
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
* * * There could be one more opportunity for scalping in a top of parallel channel
- Low volume to continue the current direction
- Reflection from the Inner trend line
- Return/re-test to Year + 6M + 3M area (min. for TP1)
- Stong support line – zone with ATH
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
* * * There could be one more opportunity for scalping in a top of parallel channel
Trade closed manually
According to our practice if a S/L was reached: we didn't close the first trade, but immediately entered the second trade in the same volume and type as the first trade (116.891). We were waiting until the first trade with the second trade had the sum of 0 USD (i.e. in 50% of S/L). In this case, we closed both trades with zero loss & profit (114.891).
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