ThomasHa

CADJPY POTENTIAL BUY ON 4H CHART

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
IF PRICE BREAKS 83.339 LEVEL THEN LOOK FOR BUY ORDER. STOP LOSS SET AT 83.071. TP SET AT PREVIOUS HIGH AT 83.83. POTENTIAL R:R = 1.5.
REASONS TO ENTER:
+) PRICE IS AT THE STRONG DEMAND ZONE
+) PRICE IS ABOVE THE 100EMA LINE
+) AN INSIDE BAR APPEARED
CONTROL RISK PER TRADE BELOW 2% OF THE ACCOUNT SIZE
IF THE PRICE MOVES UP, TAKE 50% PROFIT AT RR=1 THEN MOVE STOP LOSS TO THE ENTRY LEVEL AND LET THE OTHER 50% RUN
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.