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JimMakos
Jan 15, 2015 8:39 PM

Long CADJPY for Friday Long

Canadian Dollar/Japanese YenFXCM

Description

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