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exploration
Aug 10, 2012 1:26 PM

Wedge Break Out CAD/JPY Long

Canadian Dollar/Japanese YenFXCM

Description

Looks like a breakout of a wedge . . the RSI looks good for a bullish trend
This is what the Fib Retracement looks like on CADJPY
See my one hour chart for information on this trade idea tradingview.com/v/kP4Lad1N/
This is the one day chart where you can see the double bottom and the Ideas tradingview.com/v/5vXGQBO1/

To Follow my charts click on the follow button.Thank You. This link has tips on how to use the Fibonacci Retracement. babypips.com/school/fibonacci-retracement.html
Comments
exploration
Price has hit the Fib retracement at 38.2% I made +11 pips on this trade
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