CAD got weaker previous week till date. It is now reaching to its support / resistance level against almost every currency i.e USDCAD, CADCHF etc.
CADJPY daily trend still intact as bullish. Now, We have a strong support which we have waiting for. There were two spikes previously. One was 3rd June 2019 which was successful. The Other spike was unsuccessful due to possible hitting of SLs.
An Inside bar formation on H4 is now occurred to go long in this pair.
Signal
Buy Stop @ 82.40
SL 82.10
TP 83.00
My each risk is 2% of my account.
My lot size for this trade 0.11
Risking pips 30
Rewarding Pips 60
patience is necessary.
CADJPY daily trend still intact as bullish. Now, We have a strong support which we have waiting for. There were two spikes previously. One was 3rd June 2019 which was successful. The Other spike was unsuccessful due to possible hitting of SLs.
An Inside bar formation on H4 is now occurred to go long in this pair.
Signal
Buy Stop @ 82.40
SL 82.10
TP 83.00
My each risk is 2% of my account.
My lot size for this trade 0.11
Risking pips 30
Rewarding Pips 60
patience is necessary.
Trade active
Trade closed manually:
Closed manually with 10 pips loss.
