CAD/JPY possible buy

FX:CADJPY   Canadian Dollar / Japanese Yen

My idea on CAD/JPY:

Price at recent daily suppport. Slow pull back moving inside a descending channel and now it breaks above very convincingly. Furthermore, this breach is going to the starting point of the recent downside low and now keeps holding at the same area.
Possible scenarios:
1) aggressive buy now with stop loss below 87.90 , targets around the recent high.
2) Wait a discount and buy with even better risk to reward ratio.

Good luck :)
Comment: Moving stops closer to the entry price around 88.60.
Nice setup
are you entered to the trade?
ddreamz RuchithaHopkins
@RuchithaHopkins, Yep, it barely hit the target. Closed break even.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out