CadJpy Trade Idea
I sent out a CJ set up yesterday stating CJ being bearish and how I was personally looking for shorts even though longs were possible. With CJ failing to stay within the range for potential shorts I've decided to go long once price broke above the recent high with a retest leaving a solid bullish engulfing candle. Looking for a 1:3rr on this set up. The weekly is bullish breaking above the range while breaking bearish structures so we'll see if price can maintain above the range. We may even expect price to tap back into 111.470 if all goes well.
Trade active
Floating in profit. Nearing targets.Trade closed manually
Closed with price showing no volume. Cad news at 10
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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.