IvanLabrie

Short yen pairs: Currency basket setup

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
jpy
12
jpy
This is the Yen currency basket for this week.
As usual, trail stops at 40 pip profit, and set a BE+5/10 stop for lower risk.
Position size should be small initially, for a whole account 3-5% risk based on all pairs hitting the stop.
You can scale in on the winning trades, and drawdown will be minimal if some turn into losers.
Trade closed: target reached

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