Long

CAD / JPY Nice setup with big reward and low risk

Updated

I'm very exited about this setup. Monthly timeframe shows big potential on long side. We can see similar priceaction on GBP/JPY. Price had hard time to go down. What happened later you can see for your self.

I'm looking for similar scenario on CAD/JPY. All description is in the chart.

Trade active

Opened long position already May 15h at 82.180. It's was to late. I missed all move up on that big 4h candle.

Stoploss at 80.500. Target at 84.875

Trade active

Added in one more long at 81.144. I look for more upside under yesterdays pullback. I see good potential here.

Comment

Sorry, I meant after not under.

Comment

Still Active from May 9th. This trade is painful.

Trade closed manually

Closed this trade after more than 1 month. Maybe stupid idea not. But didn't want to lose my profits now when I was in profit. If price retraces than maybe I will open new long.

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