FX:CADJPY Canadian Dollar/Japanese Yen
Hey Traders! After taking a low-risk, high reward attempt on a potentially completed correction, CADJPY has dipped further into its corrective structure. Now, we have a better probability trade while still maintaining a high R/R. Also, a Bat is complete and may add to biais. SL is placed above invalidation level. If TL resistance fails and price rallies higher, its likely to continue to rally and I will be out of the short and looking for more signals. Happpy trading!
Comment: Hey traders, Stop Moved to B/E on this one
Comment: Down! Down! Down she goes! Here's an updated EW count. Current status is +62.5 Pips with a snapshot R/R of 7:1. Enjoy!
Trade closed: target reached: BIG WIN. I'm taking profit now at +186 pips. On to the next one!