CADJPY Long

59
1)Trend defined. 4h Uprend.

2)Contradictory limit order entry. Just at the upper extreme of the previous resistance zone.

3)Default loss. A bit lower than the zone.

4)Default target level. 5.04.

5)Risk <= 3%.

6)Singular trade.

7)Trades placed today <= 5.
Trade closed: stop reached
Loss realized.

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.