Confluences for the short trade
CADJPY is respecting upper band of the descending channel. Previous move down was sharp and with notable volume. Those bears could protect their positions and bring the price down again.
For the exact timing of the entries join my on trading room.
See the links in the signature.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" or "Comment".
Thank You!
“ENGAGE people with what they expect;
it is what they are able to discern and
confirms their projections.
It settles them into PREDICTABLE
patterns of response, occupying their minds while you WAIT for the
extraordinary moment — that which
they cannot anticipate.”
Sun Tzu, The Art of War
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
For the exact timing of the entries join my on trading room.
See the links in the signature.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" or "Comment".
Thank You!
“ENGAGE people with what they expect;
it is what they are able to discern and
confirms their projections.
It settles them into PREDICTABLE
patterns of response, occupying their minds while you WAIT for the
extraordinary moment — that which
they cannot anticipate.”
Sun Tzu, The Art of War
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Trade active:
Upper band of the channel seem like its respected. Still seeing possibility of the stophunt up before it drops. If stoped I will re-enter again my ratio is now 3.65. So the 1% loss will be easily covered and still profit will be made.
Comment:
Trade is developing well
Comment:
More down is expected
Comment:
Now the market will make correction up
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