RJ711

Lesson: How CADJPY Went Break Even (Revised)

FX:CADJPY   Canadian Dollar / Japanese Yen
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Lesson: One way I prefer to trade in uncertain territory is with trailing stops that break even trades when they run into critical support or resistance.

In this example, buy stops triggered a CADJPY long, but a trailing stop set the position at break even once it hit the critical Monthly R2 resistance pivot . This preserved my capital during the unexpected NY reversal.

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