Going long on CADJPY after 61.8 retracement!!
Updated
Price broke out of a downward channel on H4 on the 2nd of May so the price is most likely gonna continue pushing higher and higher till 84.200
Buy Limit order at 82.870, SL=82.72 and TP=83.80
-61.8 retracement to a base price area (Grey rectangle around 61.8 retracement)
-RSI heading towards oversold
-Broadening triangle
-Upward trendline most likely to hold
Risk to Reward looking so good.
15:93 (1 : 6.11)
Trade with care. Good luck.
Buy Limit order at 82.870, SL=82.72 and TP=83.80
-61.8 retracement to a base price area (Grey rectangle around 61.8 retracement)
-RSI heading towards oversold
-Broadening triangle
-Upward trendline most likely to hold
Risk to Reward looking so good.
15:93 (1 : 6.11)
Trade with care. Good luck.
Note
SL hit Price closed below our bullish trendline and continued to push down till our 15 pips stop loss.
Unlucky!!! Looking forward to the idea. :)
Good Luck.
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