CAD/JPY Preparing for a Buy Trade!! Long

Canadian Dollar/Japanese YenFXCM

Description

⋅ Jan 15, 2019 2:19 PM

CAD/JPY rejected the trendline and support levels (indicated in chart). It is currently in a corrective wave/pattern. It looks like we are currently in wave 2, expecting to see Wave 3 begin soon.

Trade active

⋅ Jan 16, 2019 2:42 PM

Buy Trade Open. Correction structure breakout. 1% risk.

Trade closed: stop reached

⋅ Jan 17, 2019 1:27 PM

Fakeout

Comment

⋅ Jan 18, 2019 3:49 PM

Not a fakeout, it was a trendline retest.