The CADJPY has been waving down to and rejecting the outer trend line. This is the 3rd time that it has hit this point and rejected the test as long as the candlestick closes below the counter trend line and the outer trend line I would be more inclined to SELL the stop would be place at 82.30 (above the candlestick formation) targeting 79.20- 79.00 area as profit target 1 (which is a MONTHLY target) down to 77.00 PT2 to the daily target at 75.00 area (final target).
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
If you agree hit the like button and don't forget to follow. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
評論:
Closed to protect position based off of news with profit, will look to re-enter if it rejects up trend line
交易進行:
Interested in getting back into position this week due to Oil being at a high price on the Daily and 2hr timeframes ideakky would to catch at a high price to SELL down to the 79.00 position first to 77.00 second then to Monthly consolidation at 75.00