Possible CAD/JPY Long Position!!

SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 83.00, a long position may be an option :)
B – Beliefs
Market move towards the first Target 1 level @ 83.900



CADJPY

Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 83.900
Target 2 @ 0.

Risk/Reward @ 3.1

Happy trading :)


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!