CADJPY Long - 10 April 2017 (posted on 16 April 2017)
Background:
- 2nd bullish reversal candle off 200MA support with Bullish divergence.
Entry:
- Buy stop with 20pips above bullish reversal candle @ 83.15
- Trade triggered on 10 April 2017
SL:
- Set at 23.6 fib level @ 82.29
PT:
- Set at previous swing low area @ 84.8
- 2nd bullish reversal candle off 200MA support with Bullish divergence.
Entry:
- Buy stop with 20pips above bullish reversal candle @ 83.15
- Trade triggered on 10 April 2017
SL:
- Set at 23.6 fib level @ 82.29
PT:
- Set at previous swing low area @ 84.8
Trade closed: stop reached:
Updates - 16 April 2017:
- Trade stopped out with the bearish marobozu candle on 11 April 2017.
- This is an acceptable loss as i complied with all my current trading strategy for entry, SL and PT.
- Trade stopped out with the bearish marobozu candle on 11 April 2017.
- This is an acceptable loss as i complied with all my current trading strategy for entry, SL and PT.