Hello all, I took this sell on CAD/JPY at 85.55 thinking it was not going to higher to .50 fib weekly, which is also aligned to resistance level. This trade is active as it has been rejected 4 times since July. CAD rallied earlier on the USA News on NAFTA but I think JPY is still in control in this one. Also Daily has a Head and Shoulder that is completed.
Sell @85.70 - 85.85
TP @84.60
TP2 @83.13
SL @86.60
This is my personal opinion based on past trades that have worked. Manage trailing stop loss and good luck.
Sell @85.70 - 85.85
TP @84.60
TP2 @83.13
SL @86.60
This is my personal opinion based on past trades that have worked. Manage trailing stop loss and good luck.
Trade closed: target reached:
TP1 hit....trail our stops or take some profit out depends on you all