Good chance for a long entry on the CAD/JPY 1hr chart
This pair is currently re-testing a strong structure level, as shown on the chart we also have some hidden divergence which tends to indicate that this downward trend is running out of steam.
Entry was at 85.22
Stops are at 84.70
Target 1 is at 86.20
Target 2 is at 87.65
Entry was at 85.22
Stops are at 84.70
Target 1 is at 86.20
Target 2 is at 87.65
Trade active
Trade closed: target reached:
Target 2 reached for + 243 pips
Stops rolled to B/E for target 2