Theto_Morifi

CADJPY Short Term Long Idea

Long
Theto_Morifi Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
One thing I absolutely love about waves is that they always provide you with a clear understanding of where
you are in a trend. Lovely 5 wave impulse move being created by CJ at the moment. Waves 1-4 have been
completed, looking to capitalise on the two possible wave 5 targets. 100% of wave 1 and 161.8% of wave 1.
Target 1 is more likely to be respected but target 2 less likely, however it must be considered.

Targets:
- 82.350
- 82.700

Have a blessed trading week ahead. Proper and safe Risk management at all times is key. Let me know below in the comments if you have any views
on this pair, I would love to learn from you
Trade closed: stop reached:

SL was too tight, stopped out

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