AlexAlfonsoFX

CADJPY Long Idea

Long
AlexAlfonsoFX Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Not much on the watchlist today.

CADJPY is the only pair that looks interesting.

Recently broke out of a 1H corrective structure and is currently sitting on top of resistance.

No entry as of yet but will wait for confirmation such as a bullish engulfing or a hammer to form before entry.

TP would be set at the highs set back in June.

Comment:
Entered a market order at 81.335 based off of a 1M divergence strategy.

17 pip stop 38 pip TP for a projected RR of 1:2.24
Trade active:

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