SELL LIMIT ORDER CADJPY - Technical + Fundamental

Sep 13, 2018

CADJPY is showing bearish signs even though it has not yet confirmed bearish momentum. There is still some room to the upside but i bet its limited seeing as RSI has already give the 80 level a kiss of death. I am placing my entries at 86.252 and allocating some generous wiggle room to my SL. CXY is nearing a significant resistance level hence a potential turning point back to the downside, while CXY is seating at a reasonable support level likely to bounce up from there. We have some some light impact news on JPY in about 8hrs and BoC Review in about 18hrs, both of which may either validate or negate my setup but whatever happens, I am officially a Bear on CADJPY. After I have done my analysis, the market is to blame if the unthinkable happens :D
Cheers!

Sep 16, 2018

Trade active

SL moved to break-even

Sep 17, 2018

Note

SL trailed to lock in 10pips

Sep 17, 2018

Trade closed: stop reached

Position closed with 10pips profit due to trailing stop.

Sep 18, 2018

Trade closed: target reached

TP1 reached. Profit= 64pips (if you stayed in the trade)

Sep 18, 2018

Note

Entry 2 closed out with 10pips profit.
PARTY IS OVER FOR ME