FX:CADJPY Canadian Dollar/Japanese Yen
The Yen pairs have been so good to me this week, so far i've booked in 134 pips on NZDJPY ( ) and USDJPY ( ) (Still waiting for second target) and now we have another set-up on CADJPY . This is not a big trade in terms of the amount of pips i stand to gain/lose (35/22) but still, it is a trading opportunity according to my plan. Because i'm not risking too much on this trade in terms of pips i will be placing close attention to my before entering the trade. So basically, If the market gets to where i'm expecting it to go, I'd like to see an oversold condition on my before i enter the trade.
Trade closed: target reached