CADJPY: One more thing to do when the market opens
Hi traders,
Over the last days the xxxJPY pairs have made a significant drop and has made me some good profits. We can see a slight and slow retracement. This usually means that the bears are recharging their strength.
Entry: 83.131
Stop: 84.43
Target 1: 81.785
Target 2: 80.521
Target 3: 79.062
Best of luck!
Over the last days the xxxJPY pairs have made a significant drop and has made me some good profits. We can see a slight and slow retracement. This usually means that the bears are recharging their strength.
- Trend continuation. JPY has been very strong, enjoy it while it lasts
- Trendline of the retracement has been broken on the 4h
- Previous structure are the high, that it failed to break (please see below in comments for the bigger view)
Entry: 83.131
Stop: 84.43
Target 1: 81.785
Target 2: 80.521
Target 3: 79.062
Best of luck!
Trade active
Trade closed: stop reached
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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.