CADJPY 4H Short on Double Top DivergenceCADJPY 4H Short opportunity as the prices are moving corrective on 1H which shows no intent at the moment for the buyers to push prices higher. Mean while it is a all time frame counter trend trade and have to make sure the Risk amount should be 0.5% of your equity.
Risk Management should be fully implemented while taking short positions on this setup.
Stop Loss should be 20 Pips above the swing highs.
Cadjpyforecast
CADJPY: Trade idea.Looking for a BRT (break and retest) here. Watch and wait for bullish price action at the support level. Always enter after confirmations of bullish price action. A bullish engulfer, an evening star, a hammer, a full bodied bullish candle that breaks minor resistance, etc.
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CAD/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
CAD/JPY: Day-Swingtrade-Preparation
Market-Buy: 86.800
Stop-Loss: 86.050
Point of Risk-Reduction: 87.460
Take-Profit: 88.845
Stop-Loss: 75 pips
Risk: 0,5%-1%
Risk-Reward: 2,80
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Peace and good trades
Irasor
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