CADJPY 1829 pips long setup (Low Prob)

Feb 12, 2023

Probability: ~19%
Reward (Target 1): 989 pips
Reward (Target 2): 1422 pips
Reward (Target3): 1829pips
Risk: 44 pips
Risk to Reward: 60 (34for target 1, & 48 for target 2)

Aggressive entry 94.111 // OANDA Feed
Conservative Entry 93.629 // OANDA Feed
Stop loss 93.193 // OANDA Feed
Take profit 1: 103.852
Take profit 2: 108.297 (Classic resistance)
Take profit 3: 111.186 (Ideal Take profit)


Precision of entry: High

Probability of an 800 pips long straddle from current price >50%

White scenario is more favourable than the red scenario

May 30, 2023

Trade active

Closed 20% of the position @ 103.45 (932 pips profit)

Jun 22, 2023

Trade active

Closed 60% of the position (80% in total)

I will keep the remaining 20% as a 'carry trade'