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ZelvinW
Nov 26, 2018 7:59 AM

CAD/JPY STRONG BUY LONG Long

Canadian Dollar/Japanese YenFXCM

Description

Active trade , its a long trade so patience is required for this one but would be worth it towards the end.
Expect a retrace after heavy upwards movement.
Goodluck and happy trading.

Comment

waiting on weekly candle to close to see if price respects the channel.
If it closes within our channel the buy would still be active if not then we would sell seing that it broke channel then retest.

Trade closed manually

broke channel then retest , would be looking to sell this next week.
Will post the analysis over the weekend.

Happy Weekend everyone.
Comments
Amberdove
U still have this active after breaking the channel trend line?
Amberdove
@Amberdove, and retesting
ZelvinW
@Amberdove, SL was set at 83, 500 and it managed to survive. Weekly candle have a big tail that might suggest a false breakout. waiting on this weekly candle to close , and if in channel then buy is still valid if it closes under the channel it would suggest a sell in whitch ill adjust my position. This is a LONG position so might take a while to hit Target.

** Set proper SL with your account size and lot size.
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