jetly232

Descending channel - Buy

Long
jetly232 Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Price is forming a descending channel pattern and hence market is giving us a clue that it is going LONG soon.

Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.

If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it.

Comment below in case if you need to know how to do it if interested.
Trade active:
Price is moving as per the plan.

SL moved to breakeven

Now adding 1 more position as there is more room for the trade to continue.
This way now i am doubling my profit returns as the price keeps going further into the direction forecasted.

Thanks to all those who DM me. Hope you all are also earning good profits as I have told you on what to do.

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