CADJPY | 1h timeframe | Cup and handle formation
CADJPY in 1h timeframe shows no divergence instead the continuous trend with a Cup and handle formation. This provides an opportunity to long the pair
Strategy:
1) As per risk/reward ratio of 1:1, the calculated lot size is 0.15
2) Entered Buy trade by putting buy stop at 96.490
3) To manage risk, I put stop loss at 95.436
4) Take profit 1 will be 97.588
5) Take profit 2 will be 98.670
DIsclaimer: Please manage your risk at all time. This is not an investment advice.
Strategy:
1) As per risk/reward ratio of 1:1, the calculated lot size is 0.15
2) Entered Buy trade by putting buy stop at 96.490
3) To manage risk, I put stop loss at 95.436
4) Take profit 1 will be 97.588
5) Take profit 2 will be 98.670
DIsclaimer: Please manage your risk at all time. This is not an investment advice.
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.
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.