themikewwfx
Long

Similar Break of 25 SMA

FX_IDC:CADJPY   CANADIAN DOLLAR / YEN
11 0 0
Much like my AUDJPY             trade CADJPY             has clearly borken the 25 SMA and closed above multiple times. Strong support at 77.00 gave some serious strength and the correlation between these two pairs shows some weakness in the JPY for a short period of time.

Pivots provide support as well as the 25 SMA .

Split trade with one half of the order closing at 1:1 RR with the other half given room to run until an opposite signal is provided.
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