Long CADJPY for Friday

FX:CADJPY   Canadian Dollar / Japanese Yen
Trading on the established support of the hourly chart.

If profit target is hit, January's downward trend should have ended. Therefore, I would be looking to scale out and take profits at 100 and 101.25 as well.


U should have used an ATR stop , It would have been a perfect trade :) :)
JimMakos Trading_Accuracy
Thank you for your suggestion! You've made me a better trader, as I learnt how to implement ATR when setting stop loss orders: http://www.tradinggraphs.com/2015/02/02/atr-stop-loss-in-forex
+1 Reply
No problem , Thanks for the appreciation Mate.
Goodluck with ur trading
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