CAD devalues, likely because of USOil losing value at the moment. Japan being an Oil net importer will benefit of a dropping Oil price and both price changes make CADJPY a good pair to trade.
Trade active
Active from the start actually..
Trade closed: stop reached
More risk than anticipated. Nice learning trade nevertheless. Even with a much lower risk/reward ratio this trade could still be a profitable, however not my typical trade I would go for.
Note
Well, I hope some of you are still holding this one :)
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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.