Similar Break of 25 SMA
Much like my AUDJPY trade CADJPY has clearly borken the 25 SMA and closed above multiple times. Strong support at 77.00 gave some serious strength and the correlation between these two pairs shows some weakness in the JPY for a short period of time.
Pivots provide support as well as the 25 SMA.
Split trade with one half of the order closing at 1:1 RR with the other half given room to run until an opposite signal is provided.
Pivots provide support as well as the 25 SMA.
Split trade with one half of the order closing at 1:1 RR with the other half given room to run until an opposite signal is provided.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.