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AndrewjHunter
Oct 3, 2019 5:54 AM

CAD/JPY - Long  Long

FX:CADJPY60
Canadian Dollar/Japanese YenFXCM

Description

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Hello Traders

Will Be looking to go for a quick long on this trade!
Trend AnalysisChart PatternsWave AnalysisForexforexsignalsmoneyCryptocurrency
Comments
AndrewjHunter
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Will Be looking tor remove profits around 80.800
Thorm
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Why?
AndrewjHunter
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@Thorm, This is purely based on correlation. As CAD has Pulled back on other pairs.
There are some other key components to take into consideration, But mainly Correlation.
Thorm
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@AndrewjHunter, Ok! Just dont think correlation is enough reason to buy or short something. (my opinion only!)
AndrewjHunter
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@Thorm, No, you are correct correlation is not enough. I have Other reasons for this. There hasn't been a valid entry for this yet. Will post when I enter.
AndrewjHunter
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@Thorm, Looking very good now, possible entry coming up with in the next 12 hours.
Thorm
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@AndrewjHunter, Entry at 80.5?
Thorm
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@Thorm, Im still shorting from 81.5. If this day closes above 80.5 i may have to close the order, if not then im selling down to 79.5!
AndrewjHunter
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@Thorm, Brilliant catch, I have gone long at 80.15 will see how this plays but extracted 30% & stops at BE.
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