SmartTradingFX
Long

A potential counter trend on CAD/JPY

FX:CADJPY   Canadian Dollar/Japanese Yen
47 1 2
Looking at potential pull back on this pair...

CTS            

1. Structure zone
2. Oversold conditions - Daily time frame
3. 2x Harmonic legs
4. 1.414 Fib Extension
5. 1.618 Fib Extension
6. 0.618 Fib Retracement
7. Divergence on RSI

Waiting on Entry signal. Take Profit target back into previous highs. I've highlighted potential secondary targets if Risk Reward profile doesn't suit your criteria. Stop Loss level two ATR readings from Entry.

Seeing how price reacts now.
SmartTradingFX
2 years ago
Wasn't enough confirmation on the entry for me so didn't take this trade
Reply
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