CADJPY Sell - continuation of the sell setup, with clean candle
This is an extended idea for the previous CADJPY setup. After a day of consolidation, the price is likely to keep falling. The clean bullish candle from NFP suggests a lack of significant support, so we expect the price to drop to the 96.60 area or lower.
However, this is a risky trade, so please manage your position size carefully.
Please note, do not enter the trade unless the price reaches the entry line.
However, this is a risky trade, so please manage your position size carefully.
Please note, do not enter the trade unless the price reaches the entry line.
Trade closed manually
Closed at the entry.Trade active
reentered.Note
I closed this with a small profit and let USDJPY run:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.