ForexStoryteller

Looking at some others....

Long
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Over the last few days, I've noticed price seems to respect this level, and is matching up with a clean up trend trendline. Trade is active at 99.109, open target, hedging if price gets below about 98.5. Staying fairly flexible and open, as I'm hedging and just going with the flow from the 1 hour / 4 hour/ daily and not trying to read too much into it....

Looking at around 100.7 or so for a target, but if it keeps going, I will continue to hold. Target is not set, as I want to see it stopping there before closing, not just pulling back slightly to run some more. I've let a few of those go, I want to try and capture them if it plays through.

Simple works, and I want to watch more pairs, so that way when one gets stuck, like the eurusd all week last week, I can trade something else.
Trade active:
Entry was taken already with market entry just after retail open. Usually this pair takes a few hours to start moving for the day I've noticed
Trade closed: stop reached:
I tried to give it a chance to rebound but the area it's in just isn't strong enough to push it back up, Hedged at 98.496
Comment:
Hedge sell trget to 97.322, Plus additional buy entry placed at the same price in anticipation of a support bounce back to the middle to close the buys at or near breakeven
Trade active:
Closing the sell and expecting price to rise back up and retest below the buy area. I'll re hedge if price gets below 97.55, sitting long side currently
Comment:
Also going to enter a buy, expecting a retrace to around 98.8, single hedge converted to double hedge stop
Comment:
98.755 is the target for the buys to clear the hedge and I'll make a fresh idea for the next after the clear out
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