CADJPY - Inside Bar
Inside bar today, possibly signaling a bullish movement next week.
It also broke out of the trendline. Stop placed below the "mother" thursday bar. Taking profits at the resistance.
Long limit is placed about halfway down today's candle because the RR would be too low if we enter at the current market price.
ideally the PA retraces a bit and then closes in the green on Monday. If the candle doesn't close green on Monday, think about exiting.
It also broke out of the trendline. Stop placed below the "mother" thursday bar. Taking profits at the resistance.
Long limit is placed about halfway down today's candle because the RR would be too low if we enter at the current market price.
ideally the PA retraces a bit and then closes in the green on Monday. If the candle doesn't close green on Monday, think about exiting.
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