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Forex48_TradingAcademy
Aug 3, 2023 9:15 PM

CAD/JPY WHAT DO YOU THINK ABOUT THIS? Short

CAD/JPYOANDA

Description

I entered a short position on CAD/JPY following a strong confirmation signal around 107, where there is a Forex48 block, indicating a potential reversal zone for a short trade. I used this zone as my entry point just before the UK and US data releases. Currently, the trade is at breakeven after a strong impulse that almost hit my take profit. Please share your thoughts on this trade and any suggestions for improvement. Kind regards from Nicola, the CEO of Forex48 Trading Academy.
Comments
TheFxAce
Impressive sell analysis. Do you ever consider hedging your trades?
Forex48_TradingAcademy
Yes, I'm putting Sl to Be, so I have risk free. Today we have big Cad and Dollar news
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