CADJPY SellI would like to share a combined sell setup at CMP and an additional sell stop entry at 97.80. The sell stop has 3 take profit levels as seen in chart while the CMP entry also has 3 different take profit levels.
Please let me know if you have a similar idea or leave comments below.
Thanks for checking!
Cadjpyshort
CAD/JPY Short Setup After Confirmation To Get 300 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY | BREAKOUTCADJPY has been trading in decending triangle and has given a breakout from the falling trendline. Currently price is trading above it and we expect the price to go above it.
Alternatively, breaking below the horionzontal level 97.200 will bring bears in the party and price will fall.
Trade your levels accordingly.
Cadjpy and another Yen pairUsing another Yen pair we can assess clear risk management strategies and calculating position size.
If you have a market like this and it is running away further you can drop your size. Do NOT overleverage expecting to kill it on Trade One. Wait for entry confirmation from price action within timeframes.
When Market sentiment is positive in the way the market is moving you can get harsh moves.. Picking one Trade becomes more difficult.. and rightly so. This is why we can spread our risk.
SHORT ON CAD/JPYPrice is currently at a major resistance area, and has formed a double/tipple top
it has also broken the uptrend line on the 1hr time frame.
Macd golden cross has already happened and price has not been able to break above resistance and sustain.
Play I will be taking on this pair:
P = 97.962
SL = 99.550 - 160 PIPS
TP = 91.634 - 631 PIPS
Cadjpy: Trading WiselyRegardless of the asset you Trade, this lesson is always entirely relevant.
As price rise, you get short.
As they drop, you get long.
This does NOT mean you only have to make one Trade. You can make several and you can do it successfully.
Why have ONE shot when you can have plenty.. It helps A LOT!
Take note of basic indicators and keep IN line with the market and do not ever deviate.