CADJPY triple top, range 25 pips

OANDA:CADJPY   Canadian Dollar / Japanese Yen
CAD devalues, likely because of USOil losing value at the moment. Japan being an Oil net importer will benefit of a dropping Oil price and both price changes make CADJPY a good pair to trade.
Trade active: Active from the start actually..
Trade closed: stop reached: More risk than anticipated. Nice learning trade nevertheless. Even with a much lower risk/reward ratio this trade could still be a profitable, however not my typical trade I would go for.
Comment: Well, I hope some of you are still holding this one :)
@ArnaudKleinveld Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
+2 Reply
@IgorPorokh, Thanks, I got some other research you may want to look in to, around UJ Seasonality. It is what the market moves.
+1 Reply
+1 Reply
@irfankhanal, Everybody is making price move, every trade counts, some more than others. Don't overestimate the power of the financial institutions. They have the same problems as we, it's just that they have more knowledge. Stay low until you have gathered enough to beat them, which is completely feasible. Ignore the negative talk in the chat rooms. Join my private room if you like, no trolling, no pupusly false posted signals. Cheers, Arnaud
+1 Reply
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