The price has touched a big sideway channel top line area but cannot continue breaking out to North.
In short term, the price try to break out the short term up trend line to South.
It could be timing for moving to South and the target take profit area is the side way channel bottom line area.
Further, the EUR/JPY continue to North could be another evidence about a positive market.
In short term, the price try to break out the short term up trend line to South.
It could be timing for moving to South and the target take profit area is the side way channel bottom line area.
Further, the EUR/JPY continue to North could be another evidence about a positive market.
Trade closed manually:
Close the short order
Comment:
The situation has changed. This strategy is not available at this moment. We need to consider if USD will go strong and start a breakout from the sideway channel.
Comment:
Consider open short order if price retraced.
Order cancelled:
Close the short USD/CAD order trade
Trade active:
Short order enabled. Maybe entry with several positions included retraction.