Bearish engulfing pattern on a downtrend line for CADJPY.
Last week, JPY has been one of the weakest currencies, while CAD has been one of the strongest. In terms of market action, I normally would wait for a confirmation, since buyers have been very strong.
The opportunity offered by the risk to reward ratio (up to 1:10!) that we can get, leads me to take this trade on the bearish engulfing pattern on the key-level, without waiting for a second confirmation.
I'm planning to take part of the profits on each potential level of support highlighted by the pink rectangles.
Good luck!
Last week, JPY has been one of the weakest currencies, while CAD has been one of the strongest. In terms of market action, I normally would wait for a confirmation, since buyers have been very strong.
The opportunity offered by the risk to reward ratio (up to 1:10!) that we can get, leads me to take this trade on the bearish engulfing pattern on the key-level, without waiting for a second confirmation.
I'm planning to take part of the profits on each potential level of support highlighted by the pink rectangles.
Good luck!
交易結束：達到停損點
Unfortunaly, the market continued to trend up. It was worth a try with this amazing risk to reward ratio.
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Find out more at itstradingtime.com/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。