CADJPY - LONG!
Updated
Another set up here...
CADJPY
A few reasons why I entered this trade:
- Following the strong uptrend with all moving averages showing as bullish
- MACD suggesting further bullish movement
- Bullish flag pattern formed (a continuation pattern before price continues its bullish movements)
- A strong retest of the 117.55 support zone which saw a bullish reaction
- A break through of the bullish flag following this positive retest
Lets see what happens!
CADJPY
A few reasons why I entered this trade:
- Following the strong uptrend with all moving averages showing as bullish
- MACD suggesting further bullish movement
- Bullish flag pattern formed (a continuation pattern before price continues its bullish movements)
- A strong retest of the 117.55 support zone which saw a bullish reaction
- A break through of the bullish flag following this positive retest
Lets see what happens!
Trade closed: target reached
Profits taken on this one! Just before the big US CPI data - decided the risk on this data was unnecessary and was happy with where profits reached
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