CAD/JPY: Buying it now Long

Canadian Dollar/Japanese YenFXCM

Description

⋅ Jul 23, 2020 7:58 AM

Price is :
- above the current pattern and acting as a support now
- above all EMA
- above pivot level

CAD is very strong against JPY = buying the pair!

Targeting next fib level around 80.230 - 80.250 levels. About 20 pips for this trade.

Check my past ideas to understand the way I trade.

Trade at your own risk

Comment

⋅ Jul 23, 2020 3:42 PM

Still in the trade, I believe the pair went to retest the structure. Nice pin bars suggesting buyers are adding more to their longs

Comment

⋅ Jul 23, 2020 8:48 PM

Still in this trade

Comments

DX1

⋅ Jul 25, 2020 4:02 PM

Market manipulation at its finest. LOL! who else agrees ?

monkeynrimmer

⋅ Jul 23, 2020 10:49 PM

Thank you for the nice idea. I really appreciate that you post follow-ups on your trade ideas. I bought in right with you and SL got hit when it dropped down, but I've bought back in at the newly formed support level. Looking forward to a good rise. Cheers!

Dave-FX-Hunter

⋅ Jul 23, 2020 9:52 AM

Nice to see your idea