Buying CADJPY at the strong 87.40 support
CADJPY has been on an uptrend and showed a strong correction over the past few days. It just hit a strong support while creating a small M30 bat pattern.
I will wait for a M15 divergence to take a long position on this pair.
I will wait for a M15 divergence to take a long position on this pair.
Trade closed: stop reached
This trade broke the 87.40 support very quickly. I exited with a 20 pip loss.
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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.