JoMarshall
Long

Long CADJPY Purely Structure

FX:CADJPY   Canadian Dollar/Japanese Yen
I'm probably a little late posting this set-up but the risk:reward ratio suggest it's a good opportunity nevertheless. I'm looking for a 100 pip move back up into the previous support turned resistance around 86.45. Note that we have a double bottom but the bullish divergence on the rsi after the market went oversold yesterday is the extra confirmation that i needed before i took this trade so let's see how it works out.

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FXROB
11 months ago
I have some prop.
CADJPY Cypher
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ChrisKolasch
11 months ago
did't work out for me, too. I was long on a weekly basis. ( sorry for my bad english )
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JoMarshall ChrisKolasch
11 months ago
Yeah it happens the main thing to reflect on is 'was the trade plan followed'? and if the answer is yes then you did everything right. Trading is one of the only business where you can do everything right and still be wrong. So we just accept the loss and move on to the next trade.
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