I have a Bullish Stance on the CADJPY.
- Previous Day High Broken - indicating higher price (or it could be a false break...)
- Wait for Retracement towards Consolidation Area Prior to Breakout that took out Previous Day High.
- 1:25+ RR (23 pips risk/60+pips Reward)
- TP Area - Between 110.00 and 109.900
Use at own risk. Am a Rookie!
(I have a Bearish idea for USDCAD as well...I am waiting for price to break previous day's low...however, no break, no trade!)
- Previous Day High Broken - indicating higher price (or it could be a false break...)
- Wait for Retracement towards Consolidation Area Prior to Breakout that took out Previous Day High.
- 1:25+ RR (23 pips risk/60+pips Reward)
- TP Area - Between 110.00 and 109.900
Use at own risk. Am a Rookie!
(I have a Bearish idea for USDCAD as well...I am waiting for price to break previous day's low...however, no break, no trade!)
Trade active
Trade closed manually:
false break to the upside...Potential Drop
