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CodeAndQuant
Feb 25, 2016 7:20 AM

CADJPY STRADDLE 

Canadian Dollar/Japanese YenFXCM

Description

Scope for a 5%-6% move in either direction.

We favour lower with a tight reversal.

Sold 81.88 for targets into support at
- 80.50
- 79.50
- 77.00 (5th Wave )

Alternatively looking to phase in a 3x Reversal above 82.00 for an upside target of 87.00

Comment

Stop Loss moved to 0.8290

Trade closed manually

Trade closed at 84.95 in favour of this scenario

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