Canadian Dollar / Japanese Yen
Long
Updated

CAD/JPY Bullish Hypothesis

96
What's up traders, I have been really enjoying trading CAD/JPY recently and to keep myself more accountable I deciding to start posting more often and also to open my eyes to any helpful criticism from my fellow trading homies.
I am a bit of a swing trader but I scalp during New York session because indices are frickin awesome.



Here is CAD/JPY with a resistance I expect it to break within today's trading day so I am risking less with a looser stop to keep my trade comfortable.

Based on it's movement on the 4hr I believe this trade is extremely plausible to occur.

Trade safe!
Note
Damn lost on this one was an error on my technical analysis. I should have recognized the resistance that was obviously in my face.

Going to step back and back test I should have taken a bearish position.

Work out and regather my discipline.

Stay safe traders

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