CADJPY Long Buy on Higher high Long

Canadian Dollar/Japanese YenFXCM

Description

⋅ Mar 24, 2016 5:10 AM

Price reversed at the bottom of the channel, if history repeats in this channel we should see a good move up from here. I will enter just above the previous high. If it break that high there's a good 1:33 RR ratio trade.

Comments or idea's. Please do post them.

Thanks for reading :)

Comments

ShahidKhan

⋅ Mar 24, 2016 5:32 AM

CADJPY TAKE SUPPORT IN WEEKLY CHART, I AGREE WITH YOU LONG TERM BUY,
M I RIGHT?

Cenotaph

⋅ Mar 24, 2016 5:34 AM

yes weekly looks like a bullish market to me. So yes, long term buy. But i trade shorter term 1-3 days usually