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Pips-Collector
Oct 20, 2021 2:41 PM

CADJPY Short 725pips Short

Canadian Dollar/Japanese YenFXCM

Description

Hello Traders

Here we have a CADJPY long trade idea. If you like this idea please show your support!

This trade idea is based off the fact CAD is at another high since May and JPY is beginning to gain momentum and we can see this price reversing.

This trade has 2 TP zones

Take Profit 1 (87.6) : 500 pips
Take Profit 2 (85.5) : 725 pips
Stop Loss : 30 pips
Comments
nicotj
good work
Pips-Collector
@nico1fx, Thanks mate
giotaylor1000
Just took a look and totally agree on this one but would not be short term but 5-700 pips is worth it for a mid term trade. Risk to reward no brainier and TP’s very realistic indeed given where it sits ok a 1/day and 1/month time frame.
Pips-Collector
@giotaylor1000, Yes I agree with you too I suggest to take profit when you are happy however personally I will use a 0.1 lot trade on this for long term with SL in profit to prevent any loss or at least break even. Higher time frames are best 😎😁
giotaylor1000
@Pips-Collector, great minds think alike as I actually entered 0.1 lot size. I’m always open to taking risk and always happy to aggregate a position but with FX aggregating a position is super risky hence I don’t do that. Good work.
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