I try something new for refining my strategy.
It's a short term trade, meaning if in a few candles (3-7) it's not behaving as planned, I will close it quicjly.
My goal is for CADJPY to touch again the recent high on 4H TF. TDI is moving nicely and have still some room to continue higher.
Daily TF is against my idea that's why I'm keeping this trade very short term, as I suppose CADJPY will fall down more in the following days.
But as nothing is sure in the market, I'm opening this one.
It's a short term trade, meaning if in a few candles (3-7) it's not behaving as planned, I will close it quicjly.
My goal is for CADJPY to touch again the recent high on 4H TF. TDI is moving nicely and have still some room to continue higher.
Daily TF is against my idea that's why I'm keeping this trade very short term, as I suppose CADJPY will fall down more in the following days.
But as nothing is sure in the market, I'm opening this one.
Trade closed manually:
Closed@BE. TDI not looking good on 4H. Switching to SHORT.