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NavidNazarian

CadJpy long position analysis

Long
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
NavidNazarian Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Supply and Demand Multiple Time Frame Analysis CADJPY cadjpylong volumetrading
2
0
supplyanddemand mtfa cadjpy cadjpylong volumetrading
As we're in a bullish trend so I'm waiting for price to come to this level and then go long.
Here is two setup, one with wider SL and another with smaller SL.
For a better trade I'll wait for more confirmation with a CHoCH in lower TF like 5min.
Lets see what will happen...
Good luck.
Comment:
Unfortunately we didn't have a complete pull back to the area and it created consolidation. As it broke the structure to the up so I think this new area has its potential to set an order or waiting for CHoCH in lower TF. I set SL a little wider because of liquidity beneath that consolidation.
lets see what will happen...
Good luck.
snapshot
Trade active:
I'm going to enter this trade as we reached to the area(screenshot above) and now we have a CHoCH in 5min TF.
Please consider the risk management.
Good luck.
Trade closed: stop reached
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